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Former ArthroCare CFO Gets 50 Months In Prison

 
• By Elizabeth Orr

Michael Gluk, who participated in a scheme to falsely inflate ArthroCare’s earnings by parking unsold merchandise with distributors, pleaded guilty to one count of conspiracy to commit wire and securities fraud after his initial conviction was overturned.

The former CFO of device-maker ArthroCare Corp. has been sentenced to four-and-a-half years in prison for his role in an investor fraud scheme.

Michael Gluk’s sentence was handed down on Jan. 5 by US District Court Judge Sam Sparks of the Western District of Texas. Sparks also ordered Gluk to pay a $50,000...

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