April 19, 2024

Zachariah P. Zachariah

Magistrate Drops SEC Charges Against GOP Fundraiser

Magistrate Drops SEC Charges against Zachariah P. Zachariah.

Mike Vogel | 3/1/2011


Zachariah
Zachariah P. Zachariah, cardiologist, philanthropist, GOP fundraiser, former member of the state Board of Governors and former chairman of the state Board of Medicine, was exonerated of civil insider trading charges after a 12-day bench trial. U.S. Magistrate Linnea Johnson not only found against the SEC but also said it didn't come close to making its case that Zachariah engaged in insider trading in generic drug maker Ivax and prison operator Correctional Services. The SEC's evidence was "scant and tenuous," Johnson wrote. Said Zachariah, "I have always had great faith in our justice system, and I knew that I would be fully vindicated in the end." Zachariah was said to be President George W. Bush's choice for U.S. Surgeon General until the SEC investigation derailed his chances.

Tags: Southeast

Florida Business News

Florida News Releases

Florida Trend Video Pick

Giant domino line of cereal boxes falls to celebrate Cereal for Summer Drive
Giant domino line of cereal boxes falls to celebrate Cereal for Summer Drive

About one thousand cereal boxes were lined up by Achieva Credit Union employees in honor of the donations.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Do you think recreational marijuana should be legal in Florida?

  • Yes, I'm in favor of legalizing marijuana
  • Absolutely not
  • I'm on the fence
  • Other (share thoughts in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.