Friday, September 26, 2014

Former AMO CEO Jim Mazzo Indicted Over Insider Trading

Jim Mazzo, the former CEO of Advanced Medical Optics, has been indicted on allegations of insider trading, according to federal prosecutors this week. According to the United States Attorney's Office for the Central District of California, Mazzo allegedly shared non-public information with former professional baseball player Douglas DeCinces and two associates, which was used to trade stock of AMO before the company's acquisition by Abbott Laboratories. Federal prosecutors charged Mazzo with 41 counts in the charges, which stem back to 2008.

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