Former Stimwave CEO Sentenced to Six Years for Medical Device Fraud

Laura Perryman created and sold non-functional implants, deceiving doctors and patients for profit.

Stimwave charged doctors $16,000 for a device with a dummy component that couldn't function.
Doctors were instructed to bill Medicare $18,000 for the non-functional implants.
Perryman's actions led to defrauding investors out of $41 million through misleading statements.
Stimwave filed for Chapter 11 bankruptcy in 2022 and was fined $10 million.
Perryman also received three years of supervised release following her prison term.