Carl Iberger – Is He Fined by SEC for Over $200k? The Scam Revealed! (New Update 2023)

Carl Iberger is a disgraced business executive who was forced out of his position as CFO after the Securities and Exchange Commission punished him for insider trading.

Furthermore, Carl Iberger is the director of the counseling firm Wright Leeds, LLC. Its specialty of Carl in this business is helping business visionaries in the medical services area to develop their organizations.

His marketers have worked tirelessly to make sure nobody finds out about SEC’s regulatory action against Carl. Instead, they want people to think of him as an experienced executive.

For example, his marketers claim that he assists authorities with completely finishing their statements of purpose, joins forces with the administration at a senior level to zero in on the center procedure, and fabricates cross-division work processes to enhance efficiencies and results and make the organizations more effective.

Similarly, his PR says that with more than 35 years of bookkeeping, money, and executive experience, Mr. Iberger’s profession incorporates being one of four originators developing a begin a $100M demonstrative organization.

Carl Iberger is a disgraced business executive who was fined by the SEC for insider trading and other illegal activities.

Mr. Iberger has held CFO responsibilities regarding and oversaw Bookkeeping, Money, Agreements, Repayment, Representative Advantages, and IT associations. Cooperating with the President, his prosperity incorporates two public contributions and two fruitful exchanges of privately owned businesses to industry contenders.

2/12/2023 Update
As of now, Carl Iberger has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.

The Shady Career of Carl Iberger:

Mr. Iberger holds a Graduate degree in Money from Hofstra College and a Four-year education in science Certification in Bookkeeping from the College of Connecticut.

Mr. Iberger’s profession remembers victories for fashioning enduring Chief associations that incorporate beginning-up undertakings to late-organize privately owned businesses through public contributions and substance deals. Directing medical care adventures through right on time, mid and late-stage periods, Mr. Iberger has profound involvement with high-pressure conditions, sped-up development, multi-site multi-state tasks, and M&A exercises.

Mr. Iberger as of late filled in as the CFO from 2016 to April 2022 for a malignant growth demonstrative and hereditary innovation organization giving fluid biopsy testing to office-based oncologists and restrictive, patent forthcoming, research facility tests to the business oncology symptomatic market. The Organization finished a pubic converse consolidation in 2017.

Preceding filling in as CFO to the hereditary innovation firm, Mr. Iberger was the CFO from 2000 to 2010 of a $100M private pulmonology/nervous system science symptomatic organization, and from 2010 to 2015 he filled in as the Leader VP of its treatment division from 2010 to 2015. The Organization offered private value in 2012.

From 1996 to 2000, Mr. Iberger filled in as the CFO for a nervous system science symptomatic firm and executed a fruitful deal and exit for starting financial backers to an industry rival in 2000. From 1986 to 1996, Mr. Iberger filled in as VP of Money and Organization and Regulator for disease research and demonstrative organization. Cooperating with the President the organization executed a fruitful first sale of stock in 1990.

What is SEC?

The Securities and Exchange Commission (SEC) in the United States is a federal government regulatory agency that works independently. Its main responsibility is to safeguard investors, ensure the securities markets operate in a fair and orderly manner, and facilitate capital formation.

Carl Iberger
A picture of Carl Iberger

When the SEC Charged Carl Iberger for Insider Trading:

In 2020, the Securities and Exchange Commission (SEC) charged the former Chief Financial Officer (CFO) of a clinical diagnostics organization, Carl Iberger, and his son, Timothy Iberger, for insider trading. The charges were related to a newly signed distribution deal for an FDA-approved Coronavirus serology neutralizer test. The SEC alleged that Carl Iberger provided private information about the distribution deal to his son and another person. As per the complaint filed in federal court in Massachusetts, Timothy Iberger purchased 25,000 shares of the company’s stock, and the other individual tipped by Carl Iberger purchased 450 shares the day before the announcement of the distribution deal. Both profited from the subsequent rise in Precipio, Inc.’s stock price.

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(Source)

Without admitting or denying the SEC’s claims, the Ibergers agreed to settle the charges by paying more than $200,000.

The settlement permanently prohibits both individuals from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. The judgment against Timothy Iberger includes a disgorgement of $68,350, representing his trading profits, as well as pre-judgment interest and a civil penalty of $68,350.

The judgment against Carl Iberger includes a civil penalty of $69,223, equal to the trading profits of Timothy Iberger and the other person tipped by him.

Carl Iberger has also agreed to a judgment that prohibits him from serving as an officer or director of a public company for a certain period. The settlements are subject to court approval.

The SEC’s investigation was conducted by Xinyue Angela Lin, Richard Harper, and Paul G. Block of the Boston Regional Office. The SEC acknowledged the assistance of the Financial Industry Regulatory Authority (FINRA).

carl iberger cfo

When Carl Resigned from the Position of CFO of Precipio Inc: 

Precipio, Inc. (NASDAQ: PRPO), a company specializing in cancer diagnostics, has announced that its Chief Financial Officer, Mr. Carl Iberger, will be stepping down from his position as CFO effective immediately, citing his desire to spend more time with his family.

Mr. Iberger had served in the role for the past five years.

In his place, the Director of Financial Reporting and Analysis, Mr. Matt Gage, who joined Precipio in 2017 following its acquisition of Transgenomic, has been promoted to the position of Interim Chief Financial Officer of the Company.

With over 30 years of experience in company finance, including 25 within publicly traded companies, Mr. Gage’s knowledge of Precipio’s business, finances, internal controls, and procedures make him the ideal candidate for the role. Precipio and its board of directors welcome Mr. Gage to his new position and will support him during the transition and going forward.

The CEO of Precipio, Mr. Ilan Danieli, expressed gratitude to Mr. Iberger for his invaluable contribution to the Company over the years and stated that Mr. Gage’s knowledge of the processes and procedures will allow him to transition into his new role well.

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(Source)

What does Precipio Inc do?

Focused on cancer diagnostics, Precipio Inc is a healthcare solutions company that aims to tackle the issue of cancer misdiagnosis through the development of diagnostic products, reagents, and services that address the root causes of the problem.

carl iberger

Its Clinical Laboratory Improvement Amendments (CLIA) laboratories, located in both New Haven, Connecticut, and Omaha, Nebraska, provide crucial blood cancer diagnostics to office-based oncologists across several states in the country. Additionally, Precipio Inc offers innovative technologies such as HemeScreen and IV-Cell products to the oncology diagnostic laboratory market.

Conclusion

Carl Iberger has a rigid past that is full of legacy and controversies. But for now, at the age of 69, Carl Iberger has started promoting himself as a retired and happy individual who only wants to spend time with his family.

No matter how much his marketers try, they wouldn’t be able to hide his criminal past. They make it seem like he retired because he wanted to spend time with his family while the truth is that he was forced to resign after the SEC took action against him.

There are plenty of scammers who have faced stringent action from the regulator including Anthony Pellegrino, Benjamin Thompson Kirk, and Moez Kassam.

2.7Expert Score
Financial Fraudster

Carl Iberger has a shady past and he was compelled to resign from him position of CFO due to his illegal activities. Beware of him and any of the companies associated with him. It would be best to avoid dealing with him.

Trust
2.4
Experience
3
Professionalism
2.5
Ethics
3
Pros
  • None
Cons
  • Insider trading
  • Fined by the SEC
  • Unreliable

9 Comments
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  1. These fathers and sons are the real scammer with all the money with them and making their partners suffer, they have filled their pockets with profit.

  2. I will suggest avoiding any of the firms related to Carl.

  3. My experience says that these criminals are sending some commission to their other staff members, otherwise it is difficult to handle this level of crime single-handedly.

  4. We can’t trust these criminals for their tendency of scamming others, it is 90% confirmed if they will be punished for the crimes they will again continue the crime and let you face the consequences of losing money.

  5. Insider trading is the softest way of scamming others, without actually letting them know about the crime, so it is very important to expose their shady business and let them get behind bars for the specific crime.

  6. This doesn’t mean if you are having information related to the asset you will start misusing it for personal profit, this should be placed under the list of the biggest crimes.

  7. Never trust these advertisements and invest based on their popularity on the internet because there is a higher possibility that these people may be promoting the fake side of their character.

  8. People like Carl are responsible for promoting misleading characters of their own and then making their people realize that we should never trust every person blindly, I would like to thank the Author for publishing these articles and exposing these criminals.

  9. The biggest crime is to hide your original personality as Carl was trying to hide his past criminal involvement and never wanted others to know about his crimes.

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