Former CEO of Wood Dale company acquitted of all charges
Posted September 21, 2021 1:00 am
A former executive of a Wood Dale manufacturing company has been acquitted in a federal case that accused him of inflating revenue reports by $24 million.
Following a four-week bench trial, U.S. District Judge Robert Gettleman on Monday cleared Gary Winemaster of all counts.
Winemaster, the former CEO of Power Solutions International Inc., was charged in 2019 with 10 counts of wire fraud, as well as counts of securities fraud, making false statements and failing to certify financial reports.
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