Supplement Co. CEO Convicted Again After 9th Circ. Reversal

Law360, New York (June 18, 2013, 1:38 PM EDT) -- A former dietary supplement company CEO once again has been found guilty of securities fraud charges in California, after the Ninth Circuit in August overturned a prior conviction based on evidentiary missteps by the government, the U.S. Attorney’s office announced Monday.

Richard A. Bailey, the former president and CEO of supplement maker Gateway Distributors Ltd., was convicted by a jury Thursday for securities law violations following a three-day trial in Los Angeles. Bailey’s previously conviction on those charges was tossed out after the Ninth Circuit ruled...
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