Former Spectranetics (NSDQ:SPNC) CEO John Schulte was sentenced May 29 to a year of probation after being convicted in March on a single count of lying to federal investigators about his role in the allegedly illegal importation of laser medical devices for a clinical trial.
The U.S. Attorney’s Office had recommended that he be sentenced to 2 years in prison and 3 years of probation, according to the Colorado Springs Gazette.