23 ‘genius’ grants announced by MacArthur foundation + MORE Sep 22nd

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MINNEAPOLIS – Three former executives of Minnesota-based Starkey Hearing Technologies took part in a conspiracy to embezzle more than $20 million from the hearing aid maker and its principal owner, the U.S. Attorney’s office alleged Wednesday.
According to an indictment, between 2006 and last September, the defendants conspired to embezzle and misappropriate money and business opportunities belonging to Starkey and Sonion, a major supplier of hearing aid components to Starkey. The alleged scheme included a web of sham companies and dummy entities, federal prosecutors said.
“The defendants carried out a complex scheme to accomplish a simple goal: to embezzle funds for their own benefit,” U.S. Attorney for Minnesota Andrew Luger said in a news release.
The indictment charges former company President Jerry Ruzicka, 59; former Chief Financial Officer Scott Nelson, 58; and former human resources head Larry Miller, 63. It also charges two other men who were business associates of Ruzicka’s: Jeffrey Taylor, 55, who was president of Sonion, and Lawrence Hagen, 63…

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NEW YORK, N.Y. – Gene Luen Yang, a prize-winning author and the national ambassador for young people’s literature, and Claudia Rankine, one of poetry’s brightest and most innovative stars, are among this year’s 23 MacArthur fellows and recipients of the so-called “genius” grants.
The fellows were announced Thursday by the Chicago-based John D. and Catherine T. MacArthur Foundation, which gives each honoree $625,000 over five years to spend any way he or she pleases, with no strings attached. More than 900 people have received the grants since 1981.
Others chosen ranged from financial service innovator Jose A. Quinonez and human rights attorney Ahilan Arulanantham to linguist Daryl Baldwin and bioengineer Rebecca Richards-Kortum.
The post 23 ‘genius’ grants announced by MacArthur foundation appeared first on Canadian Business – Your Source For Business News.

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Shares have surged since the company announced its latest and largest deal to date

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