(Source: President of the United States) Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, July 17, 2013 Former CEO and Former CFO of ArthroCare Corp. Charged with Orchestrating $400 Million Securities Fraud Scheme The former chief executive officer and former chief financial officer of ArthroCare Corp., a publicly traded medical device company based in Austin, Texas, were charged for their alleged leading roles in a $400 million scheme to defraud the company's shareholders and members of the investing public by falsely inflating ArthroCare's earnings by tens of millions of dollars, announced Acting Assistant Attorney Mythili Raman of the Department of Justice's...
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