MiMedx Ex-CEO Petit Found Guilty of Accounting Fraud: DOJ

MiMedx Group former chief executive officer Parker Petit was convicted of securities fraud, said Audrey Strauss, the Acting United States Attorney for the Southern District of New York.

• The company’s former chief operating officer William Taylor was convicted of conspiracy to commit securities fraud, to make false statements in SEC filings, and to mislead the conduct of audits, according to a statement from the Department of Justice
• “As the jury found, Parker Petit and William Taylor employed secret agreements and corrupt financial inducements with four distributors to materially misstate the quarterly and annual sales revenue of MiMedx,” Strauss said. “Now...