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Ontrak

All articles tagged with #ontrak

Former CEO Sentenced to 3.5 Years for Insider Trading Scheme

Originally Published 6 months ago — by New York Post

Terren Peizer, a protégé of Michael Milken, was sentenced to 3.5 years in prison and fined for insider trading involving the use of SEC Rule 10b5-1 trading plans to sell $20 million of shares at times when he knew the company's relationship with Cigna was deteriorating, leading to a significant drop in stock price. Peizer plans to appeal, claiming the case was an overreach.

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Ex-Executives Sentenced to Prison for Insider Trading Schemes

Originally Published 6 months ago — by Department of Justice (.gov)

Terren Scott Peizer, former CEO of Ontrak Inc., was sentenced to 42 months in prison, fined $5.25 million, and ordered to forfeit over $12.7 million for insider trading using Rule 10b5-1 plans to avoid losses exceeding $12.5 million, after trading on inside information related to the company's contract termination.

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