MANHATTAN (CN) – A federal jury convicted the president and chief technical officer of Computer Aided Surgery of swiping $500,000 from a $2 million federal grant. Daniel Karron spent the money on rent, renovations, restaurants and other stuff, the U.S. Attorney’s Office said.
The grant money came from the Advanced Technology Program, administered by the National Institute of Standards and Technology, to support high-risk research.
The jury found that Karron, 52, intentionally misapplied about $500,000. Karron faces up to 10 years in prison and a fine of $250,000, or twice the amount he took, at his Sept. 11 sentencing.