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Intellect Neurosciences, Inc. Message Board

  • prophetmontanus prophetmontanus Aug 23, 2013 5:08 AM Flag

    Former 'King of Biotech' settles with SEC

    (Reuters) - An investor formerly known as the "King of Biotech" has reached a settlement with the U.S. Securities and Exchange Commission over a market manipulation scheme, according to court documents filed on Thursday.

    David Blech, who earned the nickname as a founder of companies and a major investor in the biotechnology sector, agreed to pay $1.03 million in disgorgement and interest for the scheme.....

    Sentiment: Strong Buy

 
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