2 ex-CEOs of Washington biotech company face 20 years after fraud convictions

Coronavirus

Dec. 10 (UPI) -- A federal jury this week in Maryland convicted two ex-CEOs of a Washington biotech company for their role in a multi-million dollar securities fraud scheme related to HIV and COVID-19 drugs, the U.S. Justice Department announced Tuesday. The jury on Monday ruled that Nader Pourhassan, 61, of Lake Oswego, Ore., along with his counterpart 71-year old Kazem Kazempour of Potomac, Md., engaged in a scheme to lie to investors about development of an experimental drug in order to

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