( May 18, 2026, 19:44 GMT | Official Statement) -- MLex Summary: Jamie Castle, former chief executive of Obagi Cosmeceuticals LLC, was charged with conspiracy, securities fraud, wire fraud and false statements to auditors and improperly influencing an audit after allegedly leading a scheme to fraudulently inflate the purported sales of cosmetic products to give the false impression that Obagi was a growing company. Using the inflated revenue, Castle allegedly deceive a public company that acquired Obagi and its shareholders, obtaining a $2 million cash bonus for arranging the acquisition. Statement follows below:...
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