A biotechnology executive from Western Massachusetts is being convicted of defrauding investors.
Patrick Muraca of Pittsfield was found guilty by a federal jury in New York yesterday on counts of wire fraud and making false statements.
Muraca, the former president of Nuclea Biotechnologies, misappropriated hundreds of thousands of dollars of investor funds after he founded two new businesses in 2016, according to federal prosecutors.
He faces up to 20 years in prison when he's sentenced later this year.
(KHQ stock image)