"Former Medical Device CEO Convicted of Fraud for Selling Fake Implants"

Laura Perryman, former CEO of medical device company Stimwave, was found guilty of conspiracy to commit health care fraud and wire fraud, as well as substantive health care fraud, for creating and selling a fake medical device component called the "White Stylet." This component, made entirely of plastic, was marketed as a receiver alternative to the Pink Stylet, allowing doctors to bill Medicare and private insurance companies approximately $18,000 for each implantation. Perryman's actions led to doctors implanting the non-functional component into patients and submitting fraudulent reimbursement claims. She faces a maximum sentence of 20 years in prison.