PixarBio CEO, Two Associates Face Federal Fraud Charges

PixarBio Chairman and CEO Frank Reynolds and two executives of the company face up to 20 years in prison and fines of up to $5 million following their arrests yesterday on federal fraud charges.Reynolds, 55, and executives Chairman of the Board, CEO, CFO, CSO & Co-Founder, 51; and Kenneth Stromsland, 45, were charged yesterday with securities fraud. According to the U.S. Attorney’s Office for the District of Massachusetts in Boston, the three men engaged in a scheme since August 2013 t