Ex-company executives sentenced for defrauding investors
JACKSON, Miss. (AP) – Two former executives of a Mississippi company have been sentenced to prison for a scheme to defraud investors in a product billed as a monitoring system for nursing home patients.
U.S. District Judge Daniel P. Jordan III on Friday sentenced 53-year-old Mark Rodgers, of Houston, to 60 months in prison and sentenced 54-year-old Samer N’Ser, of Ridgeland, Miss., to 37 months in prison. The judge also ordered them to pay nearly $15 million in restitution to investors.
Rodgers was president and chief executive officer of Ridgeland-based Samarion Solutions Inc. N’Ser was the company’s chief technology officer.
U.S. Attorney Gregory K. Davis’ office says the former executives intentionally misled hundreds of investors about the financial strength of the company and the value of the product it was developing.