Two co-founders of Blackstone Labs, a brand of sports supplements, have reached agreements with prosecutors to plead guilty to federal crimes and likely face significant prison time. Under plea agreements filed in the U.S. District Court for the Southern District of Florida, Phillip (“PJ”) Braun and Aaron Singerman also have agreed to forfeit millions of dollars to the U.S. government, the Nov. 17 court filings reveal.
Also, Blackstone Labs itself anticipates reaching an agreement with the government, Arthur Leach, an attorney representing the company, disclosed in an email. Braun and Singerman, who’s also the founder of sports supplement brand RedCon1, each have agreed to plead guilty to two counts of a 14-count criminal indictment, Natural Products Insider has learned. In exchange, prosecutors have agreed to seek dismissals of eight counts against Braun and six counts against Singerman.
Both men could each face up to 13 years in prison, the plea agreements disclose, although U.S. District Judge William Dimitrouleas will ultimately decide the sentences at a later date following recommendations from prosecutors and the defense. Based on federal sentencing guidelines, and provided they have no criminal history, Braun and Singerman each face between 63 and 78 months in prison on each count, although Dimitrouleas has discretion to impose harsher or more lenient sentences, including reductions for pleading guilty rather than going to trial.
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https://www.naturalproductsinsider.com/regulatory/redcon1-founder-enters-plea-agreement-blackstone-labs-case
