A former chief business officer of Osiris Therapeutics Inc. will pay a $40,000 civil penalty to the U.S. Securities and Exchange Commission to settle claims he and other executives engaged in fraud and lied to auditors. The SEC accused Bobby Dwayne Montgomery and other former executives of Columbia-based Osiris of entering into undisclosed side agreements with distributors, recognizing revenue in direct contradiction to disclosed accounting policies, lying to Osiris’ auditor, using false pricing…
from https://www.bizjournals.com/baltimore/news/2019/10/21/former-osiris-executive-fined-40-000-to-settle.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/188498604267
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