April 18, 2014

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

Central Florida's bike trails paved with adventure
Central Florida's bike trails paved with adventure

Ride along on a tour of the Cross Seminole Trail, which runs from Oviedo to Longwood.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Amazon will begin charging Florida residents sales tax on May 1, 2014. How will this affect your online shopping at Amazon?

  • I will buy less from Amazon
  • This won't change my Amazon shopping
  • I don't shop at Amazon

See Results

Ballot Box
Subscribe