A Berkshire-based biotechnology entrepreneur accused of taking investor funds for personal use has been indicted by a federal grand jury.
Pat Muraca faces charges of wire fraud and lying to the FBI and the U.S. Attorney’s Office. The Pittsfield resident pleaded not guilty December 7th in U.S. District Court in New York.
In early August, a parallel civil lawsuit filed in Massachusetts federal court accused Muraca of allegedly diverting $400,000 of investor money for his two companies, including Lee-based NanoMolecularDX, to pay his mortgage, write checks to family members and support his fiancée’s restaurants. Muraca has offices in Pittsfield and Albany.
Muraca denies paying six employees August 1st knowing a court temporarily froze company assets the day before.
