Two of the four men accused of conspiring to steal more than $20 million from Starkey Hearing Technologies were reportedly found guilty Thursday.
A federal jury in Minneapolis convicted former Starkey president Jerry Ruzicka on eight counts of fraud, and Jeffrey Taylor, president of Starkey supplier Sonion, on three counts, according to a KSTP report.
Two other men charged in the embezzlement scheme were acquitted; former Starkey executive Scott Nelson pleaded guilty to a conspiracy charge in December.
Prosecutors alleged the defendants used a web of sham companies to collect bogus commissions and fees from the Eden Prairie-based hearing aid manufacturer over the course of nearly a decade, the KSTP report said.
Ruzicka, of Plymouth, was fired from the company in September 2015.