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My-K Labs' founder Kun Chae Bae

Executive Summary

Pleaded guilty on April 20 in Baltimore Federal Court to one count of making illegal payments totaling $30,000 to former FDA Division of Generic Drugs Branch Chief Charles Chang, and to one count of providing a $500 gift certificate for a department store, a video cassette recorder, and two trips to Chicago to Joseph Maselli, a buyer for the Medical Directorate at the Defense Personnel Support Center in Philadelphia. Bae was charged on April 12 to one count of interstate travel in aid of racketeering in connection with one payment of $10,000 to Chang ("The Pink Sheet" April 16, T&G-1). Bae faces maximum penalties of five years incarceration and a $250,000 fine on the racketeering charge and two years in jail and a 250,000 fine on the gratuities charge.



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