Trusted biotech investor, advisor Burrill accused of fraud
This article was originally published in Scrip
Trusted life science investor, lender and advisor Steven Burrill's reputation is on the line in a lawsuit filed by a former employee who claims that Mr Burrill and his companies took more than $19m from a venture capital fund that they managed.
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A federal grand jury indicted Steven Burrill and an associate on charges of fraud and tax evasion regarding investment funds run by the San Francisco-based life science advisor, who settled a related SEC claim in 2016. If convicted, he could spend decades in prison and pay millions in fines.
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