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Former Healthcare CEO Sentenced to 42 Months for Insider Trading

The former CEO and chairman of the board of directors of Ontrak Inc., a Miami-based publicly traded healthcare company, was sentenced to 42 months in prison for engaging in an insider trading scheme using Rule 10b5-1 stock trading plans to avoid losses of more than $12.5 million. Terren Scott Peizer, 65, a resident of Puerto Rico and Santa Monica, was sentenced by US District Judge Dale S. Fischer, who also ordered him to pay a fine of $5.25 million and forfeit more than $12.7 million in ill-gotten gains.