By Dan Christensen, BrowardBulldog.org
The federal insider trading trial of top Republican fundraiser Dr. Zachariah P. Zachariah wrapped up Friday without hearing testimony from two big-name defense character witnesses. A judge’s verdict is expected in a few weeks.
Zachariah, the director of the Fort Lauderdale Heart Institute at Holy Cross Hospital, is accused by the U.S. Securities and Exchange Commission of using nonpublic information to make nearly $1 million in illegal profits in 2005 trading the stock of two Florida companies.
On the witness stand last month, Zachariah denied the SEC’s accusation that he used inside connections to make a killing in the stock of two Florida corporations whose shares rose during takeovers.