Rakoff Hits Ex-MiMedx Exec With 1 Year For Fraud Scheme

Law360, New York (February 24, 2021, 5:43 PM EST) -- Manhattan U.S. District Judge Jed S. Rakoff sentenced former MiMedx Group Inc. executive William Taylor to a year in prison Wednesday after a jury found him guilty of scheming to dupe investors who backed the biologics concern.

At an open-court sentencing where all wore masks, Judge Rakoff also directed Taylor, 52, MiMedx's former president, to pay a $250,000 fine and ordered him to surrender to custody Sept. 21.

Taylor's sentencing came one day after his erstwhile boss, former CEO Parker "Pete" Petit, was also sentenced by Judge Rakoff to a year behind bars.

"This was a serious, wrongful, willful, harmful fraud...

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