SEC Sues Ex-Hansen Execs Over Fake Catheter Sales

Law360, New York (October 6, 2011, 5:09 PM EDT) -- The U.S. Securities and Exchange Commission launched a securities fraud suit against two former Hansen Medical Inc. executives in California federal court on Thursday, accusing them of creating phony sales of the company's medical equipment that grossly inflated Hansen's revenues.

The SEC says that Christopher Sells, Hansen's former vice president of commercial operations, and Timothy Murawski, Hansen's former vice president of sales, orchestrated a scheme to make it appear that Hansen had successfully sold its largest and most expensive product — a robotic catheter system —...
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