Health Sciences Group Inc (HESG)

[VeronicaFox]

Yes, I've read that, it's an excellent article. Thanks for posting it.

The excerpts regarding Gaffney/HESG:

Those charged are Jack Freeman; Jeffrey L. Schultz, CEO of Redfin Network, Inc. (RFNN); Richard P. Greene; Peter Santamaria; Douglas P. Martin, CEO of VHGI Holdings, Inc. (VHGI); Scott Haire; Sheldon R. Simon; Thomas Gaffney, CEO of Health Sciences Group, Inc. (HESG); Mark Balbirer; and Stephen F. Molinari, CEO of Nationwide Pharmassist Corp.

Thomas Gaffney, as CEO of Health Sciences Group, long known as a doubtful enterprise, arranged for the payment of illegal kickbacks to a supposed pension fund fiduciary who promised to buy 400 million shares of HESG; he also issued stock to the middleman—actually an undercover FBI agent—who was to make the introduction to the pension fund fiduciary.

Gaffney, who evidently was unable to make bail, was sentenced to time served, 8 months’ house arrest, and three years of supervised release.