If you trick people into getting unnecessary surgeries to implant fake medical devices in their bodies, is that securities fraud? Obviously you know the answer — everything is securities fraud — but doesn’t that seem more like something else? Like if you go around tricking people into getting surgeries to implant fake medical devices in their bodies, doesn’t it seem like the victims are mostly the patients? The people you tricked into implanting fake medical devices?
But the US Securities and Exchange Commission regulates securities fraud, not surgeries, so here is an SEC lawsuit against Laura Perryman, the former chief executive officer of Stimwave Technologies Inc.:
