July 14 2018
The president and chief executive officer of San Rafael-based medical device company Sanovas has been indicted by a federal grand jury on three counts of wire fraud and money laundering, federal law enforcement officials said. Between April 2013 and May 2014, he allegedly withdrew a total of $500,000 from his personal individual retirement account and used the funds to pay for personal expenses, including vacations, jewelry and spa
treatments.