Medical salesman jailed over equipment theft

just in case you thought the medtech industry was immune to the frailties of human nature, a former medical salesman has been jailed for up to 12 months for stealing $1.8 million worth of surgical devices.

A former medical salesman has been jailed for up to 12 months for stealing $1.8 million worth of surgical devices.

Joseph Raymond, 39, from Orchard Park, USA, stole a collection of implants and other devices over the course of five years, whilst working for Synthes USA Sales.

Mr Raymond pleaded guilty to grand larceny and tax crimes and told the judge he takes “full responsibility” for his actions, which also included underpaying taxes and cheating his lawyer.

Bank cheques for $60,000 to an attorney of his former employer and $3,040 to a representative of the Department of Taxation and Finance, compensating them for his crimes, were recovered as evidence.

Erie County Judge Michael Pietruszka told Mr Raymond that he planned to sentence him to seven years imprisonment before learning that he had made full repayment.

It was heard that Mr Raymond voluntarily surrendered $1.7 million in surgical devices when first confronted by investigators. The equipment, which was originally destined for Buffalo’s Mercy Hospital, had been stored in Mr Raymond’s garage for safekeeping.

Defence Attorney Rodney Personius added that the $60,000 worth of medical technology that Mr Raymond had tried to sell consisted of “obsolete items” that Synthes had replaced with updated products.
Source: medtech business

published: September 16, 2011 in: Offline, Products

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