Miami billionaire, museum donor settles fraud complaint
31 Dec 2018

AP — A Miami biotech billionaire with his name on the city’s science museum says he has reached an agreement with the Securities and Exchange Commission to settle a civil complaint of stock fraud.

Phillip Frost and OPKO Health were charged in September in long-running fraudulent schemes that generated over $27 million from unlawful stock sales and caused significant harm to retail investors who were left holding virtually worthless stock.

Link to AP.

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