Loading
FORT MYERS — St. Jude's Pharmacy owner Jorge Otano, 51, was indicted for allegedly selling controlled substances outside legitimate medical purposes, according to U.S. Attorney Robert O'Neill.
If convicted, the owner of the Cape Coral-based pharmacy faces a maximum penalty of 20 years in federal prison. The U.S. Attorney also says it intends to seize a house, two cars and computers used in the offense.
In addition, Otano and his wife, Martha Otano, 41, were indicted for evading the requirements of the Bank Secrecy Act by depositing cash in various bank accounts under the $10,000 limit that triggers the reporting requirement that alerts federal regulators.
The Otanos face additional penalties for structuring payments to evade detection from August 2009 to November 2012. Each count carries a maximum of 10 years in prison.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
