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By Sarah N. Lynch WASHINGTON (Reuters) - A California jury on Wednesday cleared former Chicago Bears wide receiver Willie Gault of intentionally defrauding investors in a scheme to inflate the price of stock in the heart-monitoring device company Heart Tronics [HRTT.PK]. "Mr. Gault entered the courtroom today with the shroud of serious securities fraud violations hanging over his head, and he exited the courtroom cleared of any serious misconduct and with the equivalent of a securities parking ticket," said his attorney George B. Newhouse, Jr., a partner at Dentons. The verdict comes more than three years after the U.S. Securities and Exchange Commission first filed its case against Gault, who previously served as Heart Tronics' co-CEO, and several other former company executives. The SEC's case centered primarily on the actions of Mitchell Stein, the company's outside counsel, whom the SEC alleged was orchestrating fictitious sales orders for the company's products to pump up the stock price, selling the shares without disclosing it, and using the proceeds to fund a lavish lifestyle.
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