The original allegations were brought in a lawsuit filed by former MiMedx sales representatives under the "whistleblower" provisions of the False Claims Act.
As previously reported in The Atlanta Journal-Constitution, federal authorities investigated MiMedx for more than two years before laying blame for the violations on Parker "Pete" Petit Petit, the company's former chairman and chief executive.
Petit, a politically connected business leader and philanthropist, was accused of orchestrating a number of schemes meant to inflate revenues and keep the price of the company stock high.
The fraud went on for years, prosecutors said. William Taylor, former chief operating officer, took part in the schemes, prosecutors alleged.
Both Petit and Taylor denied the allegations.