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Tag: US Patent and Trademark Office
Yale University, Professor To Pay $1.5M To VA: Failed To Share Patent Royalties, Feds Say
Yale University and a professor who teaches there have agreed to pay over $1.5 million to the federal Department of Veterans Affairs after failing to share patent royalties for inventions, officials said.
Yale University and one of its professors, John Krystal, will pay $1,507,743.67 as part of a settlement with the Department of Veterans Affairs after failing to let the institution know about certain patents and not sharing royalties earned on them, the US Attorney's Office for the District of Connecticut announced on Thursday, Sept. 21.
According to federal officials,…
Stamford Man Sentenced For $2M Investment Scheme
The former CEO of a Fairfield County business has been sentenced to nearly a decade in prison after being convicted of defrauding investors of more than $2 million, including several women he met on an online dating website.
Stamford resident Thomas Connerton, the founder, president, and CEO of Safety Technologies, LLC, which operated out of Westport, Stamford, Madison, and Simsbury, was found guilty in federal court for his role in a $2 million investment scheme.
On Thursday, Dec. 19, Connerton was sentenced to 108 months in prison, followed by three years of supervised release for hi…
Ex-Westport CEO Man Guilty Of Defrauding More Than $2M From Investors
The former CEO of a Fairfield County business has been found guilty of defrauding investors of more than $2 million, including several women he met on an online dating website.
Stamford resident Thomas Connerton, the founder, president and CEO of Safety Technologies, LLC, which operated out of Westport, Stamford, Madison and Simsbury, has been found guilty in federal court for his role in the investment scheme.
John Durham, the United States Attorney for the District of Connecticut, said that Safety Technologies was founded in 2006, with the purpose of developing and commercializing what wa…
