January 29, 2015

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

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

How to let altruism be your guide
How to let altruism be your guide

Matthieu Ricard, a happiness researcher and a Buddhist monk, says altruism is also a great lens for making decisions, both for the short and long term, in work and in life.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you feel your business has enough women as managers, C-level executives, even as CEO?

  • Yes
  • No, always looking for more
  • No, but fine as we are

See Results

Ballot Box
Subscribe