Former Allscripts Audit Director Indicted on Fraud Charges

Allscripts former director of corporate audit has been charged with 16 counts of securities fraud for allegedly engaging in insider trading.

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While at Allscripts, Steven M. Dombrowski and his team were responsible for auditing the processes the company used to report its financial performace. Mr. Dombrowski stands accused of using non-public information he gleaned through internal audits in his private stock trading in 2012, which netted him profits of approximately $286,211.

Mr. Dombrowski was indicted by a federal grand jury on Tuesday, and will be arraigned at a later date.

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