Jun. 16 at 3:33 AM
$OGEN "The chief executive officer of a biotech company with ties to the largest public corruption case in Mississippi history pleaded guilty Wednesday to one count of wire fraud for improperly using welfare funds intended to develop a concussion drug.
Jacob VanLandingham entered the plea at a hearing in Jackson before U.S. District Judge Carlton W. Reeves, according to court records. A sentencing date was not immediately set. Possible penalties include up to 20 years in prison and a
$250,000 fine.
A former research scientist and drug company CEO in Florida, whose work on a nasal spray to treat concussions was at one time touted across the nation, pleaded guilty Wednesday in federal court to wire fraud in connection with the Mississippi welfare scandal."
Source: fraudoftheday.com