Willie Gault, the former National Football League wide receiver and Olympic sprinter, was ordered to pay $206,571 to settle a U.S. Securities and Exchange Commission lawsuit over his role in a scheme to inflate the stock price of a heart-monitoring device maker. U.S. District Judge James Selna of the Santa Ana, California federal court ordered Gault, who was co-chief executive officer of Heart Tronics Inc, to pay a $78,000 civil fine and give up $101,000 in ill-gotten gains plus $27,571 in interest. The judge also banned Gault from serving as an officer or director of public companies, in a final judgment issued on Thursday.
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Ex-NFL star Gault is fined in SEC fraud case, will appeal
