Ex-Bears Player Gault to Pay $200,000 in Heart Tronics Suit
- Jury found former NFL receiver had role in stock scheme
- Heart Tronics board's audit chief held same role at Valeant
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Former Chicago Bears wide receiver Willie Gault was ordered by a California judge to pay more than $200,000 related to securities-law violations for taking part in a scheme to artificially inflate the shares of a medical-device maker.
As co-chief executive officer of Heart Tronics Inc., Gault, 55, was found liable last year in a securities fraud scheme. The jury also found he knowingly circumvented internal accounting controls and made false CEO certifications in a public filing with the Securities and Exchange Commission.