The chairman of a Boston-based biomedical company was arrested Tuesday morning on charges arising out of his participation in a scheme to defraud the market for the publicly traded stock of the company, according to U.S. Attorney Carmen Ortiz.
Edward Withrow, 51, of Malibu, California, was charged in U.S. District Court in Boston with one count of conspiracy, one count of securities fraud, two counts of wire fraud, and two counts of making false statements.