A Minneapolis-based executive recruiter comes forward to vouch for the character of a Minnesota healthcare executive caught up in the fallout of a Ponzi scheme. Danko used to run SpringWorks LLC, a venture capital company that was part of the Petters group of companies. Now he is facing a lawsuit in bankruptcy court.
Last spring, Minnesota businessman Tom Petters was convicted to 50 years in federal prison for masterminding a $3.7 billion Ponzi scheme. One person who says he was subpoenaed involuntarily by the Petters defense team to provide testimony was George Danko, a former executive at both Kardia Health Systems and the troubled Healthcare IP Partners. Now Danko finds himself a target of Douglas Kelley, the court-appointed trustee who is attempting to recover money bilked from investors.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Kardia is a Mayo Clinic spinoff that developed some of the software solutions it now sells from the health system. In March it launched its most recent product, Kardia V, which allows physicians to have remote Web access to images and reports, among other features.