NEWS

Fraud charges brought against 19 execs at stem cell storage firm

TAGS: Crime

An Athens prosecutor has brought criminal charges against 19 executives at a stem cell storage company whose economic collapse has left thousands of families uncertain about the future.

Charges have also been brought against the representatives of a leading healthcare provider which owned the stem cell bank until 2013. The charges include fraud and complicity in fraud.

The prosecutor said that the company also misled customers into believing that stem cells could be preserved for a long period of time, despite the lack of scientific evidence to back the claim.

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