SEC, DOJ Sue MediSys Over Alleged Kickback Schemes

Law360, New York (December 7, 2010, 5:39 PM EST) -- MediSys Corp. and two penny stock promoters have been hit with parallel civil and criminal actions accusing them of securities fraud following an FBI undercover sting operation that allegedly unveiled scams to manipulate the price and volume of stock in MediSys and three other companies.

Federal prosecutors and the U.S. Securities and Exchange Commission filed the actions Monday in the U.S. District Court for the Southern District of Florida against MediSys, a provider of medical technology to physicians, and penny stock promoters Louis Fischler and Joshua...
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