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Thursday, February 19, 2015

CEO of Paramus biotech firm pleads guilty to misleading SEC

Michael M. Cohen, the president and CEO of a Paramus biotech firm, pleaded guilty today to misleading the U.S. Securities and Exchange Commission during an appearance in U.S. District Court in Newark. NEWARK - The president and CEO of a Paramus biotech firm that specializes in stem cell research admitted today that he misled federal securities regulators about stock transfers to companies he secretly controlled.

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