SEC Hits Former MediCor CEO With Fraud Suit

Law360, New York (January 14, 2011, 6:55 PM EST) -- Securities regulators on Friday sued Theodore Maloney, former CEO of bankrupt MediCor Ltd., claiming he helped the company's incarcerated former chairman fraudulently take millions of dollars out of a real estate investment firm to fund the medical device startup.

Maloney, currently the managing director and general counsel of a California financing company, has not been criminally charged in connection with the MediCor matter, the U.S. Securities and Exchange Commission said in its complaint.

Starting in 2004, Maloney, who lives in Dana Point, Calif., played a key...
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Case Information

Case Title

Securities and Exchange Commission v. Maloney


Case Number

2:11-cv-00075

Court

Nevada

Nature of Suit

Securities/Commodities

Judge

Jennifer A. Dorsey

Date Filed

January 13, 2011

Government Agencies

UK Financial Services

UK Financial Services

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