Terren Peizer, protégé of Michael Milken, gets 3-1/2 years prison for insider trading

Terren Peizer, protégé of Michael Milken, gets 3-1/2 years prison for insider trading

Terren Peizer, 65, the founder and former chief executive of Ontrak, was sentenced by US District Judge Dale Fischer in Los Angeles. She also imposed a $5.25 million fine and forfeiture of more than $12.7 million of ill-gotten gains.

Former Ontrak CEO Sentenced to Prison in $12.5M Insider Trading Scheme

CEO Receives Federal Prison Sentence for Misusing Stock Trading Plans Terren Scott Peizer, the former CEO and board chairman of Ontrak Inc., has been sentenced to three and a half years in federal prison for executing an insider trading scheme that allowed him to avoid more than $12.5 million in losses. The sentence, handed down by U.S. District Judge Dale S. Fischer, also includes a $5.2 million fine and an order to pay $12.7 million in restitu…

US Attorney Announces First Insider Trading Prosecution Using Rule 10b5-1 Trading Plans US Attorney Announces First Insider Trading Prosecution Using Rule 10b5-1 Trading Plans

Former CEO and Chairman of Florida-Based Publicly Traded Health Care Company Sentenced to Over 3 Years in Prison for Insider Trading           LOS ANGELES – The former CEO and chairman of the board of directors of Ontrak Inc., a Miami, Florida-based publicly traded health care company, was sentenced today to 42 months in federal prison for engaging […] The post US Attorney Announces First Insider Trading Prosecution Using Rule 10b5-1 Trading Pla…