Ex-NFL Player Fronted Heart Device Co. Stock Scam: SEC

Law360, New York (December 20, 2011, 6:25 PM EST) -- Federal securities regulators said Tuesday that ex-NFL player Willie Gault and five others connected to a heart monitoring device company artificially inflated the company's stock through a series of fraudulent schemes that have also snagged the alleged mastermind on criminal charges in Florida.

The U.S. Securities and Exchange Commission says Gault, who was also a former Olympic track star, was installed as a figurehead co-CEO of Heart Tronics Inc., along with former Hollywood executive J. Rowland Perkins. Meanwhile, California-based attorney Mitchell Stein was controlling the company...
To view the full article, register now.