November 23, 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

What It Will Feel Like To Ride The World's Tallest Roller Coaster
What It Will Feel Like To Ride The World's Tallest Roller Coaster

Developers David and Joshua Wallack are set to build a 570-foot vertical coaster, which will be the tallest in the world, in Orlando.


Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Did President Obama overstep his executive authority by enacting immigration reform?

  • Yes. He should have gone through Congress.
  • Unsure
  • No, other presidents have taken similar action, and something had to be done.

See Results

Ballot Box
Subscribe