Former Starkey president found guilty in multimillion-dollar embezzlement case

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A federal court jury in Minnesota today found Jerry Ruzicka, former president of hearing aid company Starkey Laboratories, guilty of eight of 25 counts involving more than $15 million worth of embezzlement, according to media reports.

W. Jeff Taylor, who previously president of Starkey parts supplier Sonion U.S., was also found guilty. The jury acquitted two other defendants in the case:  Larry Hagen, an associate of Ruzicka and Taylor, and Larry Miller, Starkey’s former head of human resources.

“Maybe this will go the way it’s supposed to,” Ruzicka said before the verdict reading, according to the Star Tribune of Minneapolis. Instead, the newspaper reports that Ruzicka stoically took the news that he was guilty of crimes including filing a false tax return for 2014, stealing a company Jaguar, and wire and mail fraud.

Get the full story on our sister site Medical Design & Outsourcing.

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