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Ex-CEO Sentenced for $12.5M Insider Trading Scheme

6/24/2025

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Summary

Story summary

Terren Scott Peizer, ex-CEO of Ontrak Inc., was sentenced to 3.5 years in federal prison for insider trading.
He evaded over $12.5 million in losses by exploiting Rule 10b5-1 trading plans amid knowledge of a contract termination.
Peizer faces a $5.2 million fine and must pay $12.7 million in restitution.
This case aligns with a DOJ initiative addressing executive misuse of trading plans.

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Story summary

Terren Scott Peizer, ex-CEO of Ontrak Inc., was sentenced to 3.5 years in federal prison for insider trading.
He evaded over $12.5 million in losses by exploiting Rule 10b5-1 trading plans amid knowledge of a contract termination.
Peizer faces a $5.2 million fine and must pay $12.7 million in restitution.
This case aligns with a DOJ initiative addressing executive misuse of trading plans.