Wednesday, May 9, 2012

Former Exec Charged With Violating FDCA

Posted By on Wed, May 9, 2012 at 3:15 PM

One month after slapping the founder and CEO of with a half-million-dollar fine and probation, federal prosecutors have charged's former vice president Jeremy DeLuca with violating the Food, Drug and Cosmetic Act.

DeLuca and the entered plea agreements where they will pay fines - $7 million from and $600,000 form DeLuca. The plea hearings are set for a federal court date on Thursday, May 24.

The case was investigated by the Food and Drug Administration.

On April 10, CEO Ryan DeLuca, pleaded guilty to five counts of violating the FDCA, after prosecutors said he had sold misbranded drugs as dietary supplements.

Prosecutors said that in the first seven and one-half months of 2009, had gross revenues of almost $1.8 million from the sale of products similar to those DeLuca admitted were improperly sold as dietary supplements.

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