Miami billionaire, museum donor named in stock scheme


A Miami biotech billionaire with his name on the city's science museum has been charged in a market-manipulation scheme. The Securities and Exchange Commission announced Friday that OPKO Health founder and CEO Phillip Frost and nine others participated in long-running fraudulent schemes that generated more than $27 million from unlawful stock sales and caused significant harm to retail investors who were left holding virtually worthless stock.



from Biotech News