Hi-Tech Pharmaceuticals and CEO Convicted of $4.7 Million Wire Fraud Scheme

Dietary supplement company Hi-Tech Pharmaceuticals, Inc. and its CEO, Jared Wheat, were convicted by a federal jury of wire fraud after “fabricating documents to deceive customers into believing that the company was certified as compliant with industry manufacturing standards.” In 2007, the U.S. Food and Drug Administration (FDA) issued new mandatory guidelines on sanitary, hygienic ...