3 Ex-Constellation Execs Charged With $300M Stock Fraud

Law360 (May 16, 2018, 7:21 PM EDT) -- Three former top executives of bankrupt Constellation Healthcare Technologies Inc., a Houston-based medical billing business, were charged with criminal fraud Wednesday in New Jersey federal court in an alleged $300 million scam to inflate the value of their company as part of a merger to take it private.

In a 19-page complaint, prosecutors with the U.S. Department of Justice allege the executives gave phony financial documents and made false statements to a private investment firm and other investors to close a deal in which the private...
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