Department of Justice: Biotech CEO Sentenced in Securities Fraud Scheme
January 27, 2026
January 27, 2026
WASHINGTON, Jan. 27 -- The U.S. Department of Justice issued the following news release:
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Biotech CEO Sentenced in Securities Fraud Scheme
Nader Pourhassan, 62, of Lake Oswego, Oregon, was sentenced Friday to 30 months in prison for misleading investors about his company's development of a new drug, then selling his personal stock in the company at artificially inflated prices.
"The defendant lied to investors about a drug to tre . . .
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Biotech CEO Sentenced in Securities Fraud Scheme
Nader Pourhassan, 62, of Lake Oswego, Oregon, was sentenced Friday to 30 months in prison for misleading investors about his company's development of a new drug, then selling his personal stock in the company at artificially inflated prices.
"The defendant lied to investors about a drug to tre . . .