starkey president prison sentence

Former Starkey President Sentenced to 7 Years in Prison; Former CFO gets 24 Months

MINNEAPOLIS, MINNESOTA — Former Starkey President, Jerry Ruzicka, was sentenced to 7 years in prison on December 19, 2018, for the embezzlement of nearly $20 million from Starkey Hearing Technologies. The sentence was much less than the 15 to 20 years prosecutors had asked for, and also includes a year of probation, fines and restitution.…

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bill austin testifies starkey trial

Starkey Owner Takes the Stand

MINNEAPOLIS, MINNESOTA — The trial of former Starkey president Jerry Ruzicka and three others accused of stealing more than $20 million from Starkey through the illegal transfer of restricted stock resumed during the week of February 5th after a one week Super Bowl break. The resumption of the trial was highlighted by the testimony of…

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ruzicka fired starkey hearing aid

Trial Begins This Week for Former Starkey Executives

In Minneapolis, jury selection is scheduled to begin today for two former executives of Starkey Hearing Technologies on charges of fraud and embezzlement. As HHTM readers will recall Starkey’s longtime former president Jerry Ruzicka, chief financial officer Scott Nelson and vice president of human resources Larry Miller were all fired in September 2015 by Starkey’s…

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starkey embezzlement charge

Former Starkey Executives Charged in $20 Million Embezzlement Scheme

Last September, Starkey made headlines when it abruptly fired President Jerry Ruzicka and several other executives amid accusations of illegal business activities. One year later, as reported in the Minneapolis Star-Tribune and numerous other Twin Cities media outlets, Ruzicka, along with former CFO, Scott Nelson and former human resources director, Larry Miller were charged with…

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Former Starkey President, Jerry Ruzicka, Files Suit; Seeks Millions in Damages

EDEN PRAIRE, MINNESOTA — Starkey Laboratories’ ousted president, Jerry Ruzicka, on Friday filed a long-threatened lawsuit against the company, alleging several instances of wrongdoing by owner Bill Austin and members of his family. In a story first reported on the Minneapolis Star Tribune’s website on January 15, former Starkey executive Jerry Ruzicka, filed a lawsuit…

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starkey fbi raid

SHOCKED: FBI, IRS Raid Home of Jerry Ruzicka, Former Starkey President

PLYMOUTH, MINNESOTA — In another shocking turn of events following the abrupt firings of 4 senior executives at Starkey Hearing Technologies in September, the home of former President Jerry Ruzicka was raided today by the IRS and the FBI. The FBI and IRS raid, which has received prominent television coverage in the Twin Cities, including reporters on the scene…

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The Latest Update on the Starkey Imbroglio

EDEN PRAIRIE, MINNESOTA — In what may become a flurry of lawsuits, a shot was fired across the bow late last week, as a wrongful termination lawsuit was filed against Starkey Hearing Technologies seeking nearly $11 million in damages following the abrupt dismissal of four senior executives. The lawsuit, filed by former Operations Vice President Keith Guggenberger, alleges breach…

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Scott Davis of Sivantos is new HIA chairman

      WASHINGTON, DC—The announcement of the first Unison Hearing Health Global Summit was the biggest story to emerge from the 2015 annual meeting of the Hearing Industries Association (HIA) on March 6, but not the only news. The national trade association of manufacturers of hearing aids and related products elected Scott Davis as…

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