U.S. Department of Justice Criminal Division Press Room Update

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Biotech CEO Sentenced in Securities Fraud Scheme

01/26/2026 07:00 AM EST

Nader Pourhassan, 62, of Lake Oswego, Oregon, was sentenced Friday to 30 months in prison for misleading investors about his company's development of a new drug, then selling his personal stock in the company at artificially inflated prices.

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