BarrierMed CEO Settles SEC $11M Fraud Suit

Law360, New York (April 20, 2010, 1:43 PM EDT) -- Victor J. Ragucci, embattled founder of BarrierMed Inc. and a related medical glove manufacturer, has settled the U.S. Securities and Exchange Commission’s suit alleging he defrauded investors of $11 million through a series of sham private offerings.

Judge John Antoon II of the U.S. District Court for the Middle District of Florida signed off on the judgment Monday, permanently enjoining Ragucci from abusing securities laws or acting as an officer or director of a publicly traded company.

While Ragucci does not admit or deny the agency’s...
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