High Profile Biotech Founder Sentenced To 7 Years In Jail

Despite a reputation in tatters, a foundered biotech firm, and an impending guilty verdict, Frank Reynolds was still trying to convince US Senior District Judge Douglas Woodlock that his drug, NeuroRelease, still had value. His Honor voiced his skepticism about the defendant’s claims and sentenced the disgraced executive to 7 years in prison for defrauding investors of $7.5 million. Additionally, he is ordered to pay a $7.5 million fine, forfeit $280,000, and spend three years on supervised release...