Colorado medical-device maker admits to fraud scheme, faces up to $12.5M in fines

PROVIDENCE – Colorado-based Zynex Inc. admits to health care, securities and mail fraud and faces up to $12.5 million in fines, in a nonprosecution agreement the U.S. Attorney’s Office for Rhode Island announced on Tuesday. “Zynex’s former executives engaged in a scheme that defrauded taxpayer-funded health care programs and deceived investors,” said Roberto Coviello, special

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