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Alexandra the tavlin10/30/2022 ![]() The visitors toured the booths of 30 area business and organizations, getting a chance to check out their goods and services in the business equivalent of speed dating.Īs an added incentive for the prospects to visit every booth, those who did, and got their tally sheets initialed at each, were entered into a drawing to win the expo’s grand prize, a weekend for two at the Marriott Boca Town Center in Boca Raton. Gantman also sold his securities quickly after the deal broke, raking in a $255,000 profit, prosecutors argue.Ībout a year later, Farahan Tavlin paid a $25,000 kickback for the tip, the SEC and federal prosecutors claimed.It’s still tough to find a parking space at the Marco Island Marriott when a big function like the Business Expo coincides with the hotel’s regular busy schedule, but unlike many problems that seem to go on indefinitely, help is on the way for that one, when the hotel’s long-debated and planned expansion is completed.īut that comes under the category of good problems to have for the Marco Island Area Chamber of Commerce, as they drew almost 300 people to the annual business expo. Shortly after Medtronic’s Septemannouncement of its purchase of Mazor Robotics, sending Mazor’s stock sharply higher, Farahan sold more than $1 million worth of stock he had bought over the past few weeks, and netted more than $245,000. “Over the next several weeks, Farahan and Gantman made several purchases of Mazor securities, including shares and Call options,” the suit continued. Tavlin, 67, of Minneapolis, “encouraged Farahan to quickly purchase Mazor securities and invest money for Tavlin,” according to the SEC’s lawsuit.įarahan, in turn, shared the same inside information with Gantman. Mazor was an Israeli manufacturer of a robotic system for spinal surgery. The criminal and civil cases say that in August 2018, about 10 months after he left Medtronic but also as an executive of Mazor, Tavlin used his involvement in Medtronic’s pursuit of Mazor to tip off the pending acquisition to his longtime friend to pass on to Farahan. Messages were left Thursday with attorneys for Farahan, 55, of Pacific Palisades, California, and Gantman, 56, of Mendota Heights. Tavlin looks forward to telling his side of the story.” reasonable time.” Tavlin’s lawyers, Matt Forsgren and David Wallace-Jackson, released a joint statement late Thursday afternoon, which said: “The Government appears to have drawn all the possible conclusions against Mr Tavlin. Paul last week, include 16 counts of aiding and abetting securities fraud and one count of conspiracy. Parallel criminal cases against the men, filed in US District Court in St. The regulator is asking the court to compel the men to “siphon off any monies received from their illegal conduct” with interest and punish them civilly. Tavlin, carpet retailer Afshin Farahan and insurance agent David Gantman. The Federal Securities and Exchange Commission (SEC) on Wednesday sued former Medtronic consultant Doron A. The men made several hundred thousand dollars in just under a month. ![]() Federal authorities in Minnesota allege in criminal and civil lawsuits that three Twin Cities businessmen and friends acted on an illegal tip and made insider securities transactions in connection with medical device giant Medtronic’s purchase of Mazor Robotics. ![]()
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