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.

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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