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Billionaire Opko CEO Frost issues first comment about SEC litigation

A week after he was named in a civil lawsuit by the Securities and Exchange Commission, billionaire Phillip Frost, the CEO of Opko Health and a major donor to South Florida organizations, has issued a statement denying the allegations.

On Sept. 7, the SEC filed a complaint against Frost and nine other men, plus 10 companies, including Miami-based Opko (Nasdaq: OPK), accusing them of participating in a $27 million penny stock fraud. In a scheme allegedly orchestrated by Barry C. Honig of Boca Raton,…

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