Billionaire Opko CEO Frost among 10 named in SEC civil lawsuit

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    Billionaire Phillip Frost, the CEO of Opko Health and one of Miami’s most well-known entrepreneurs, is among 10 people named in a civil penny-stock fraud lawsuit by the Securities and Exchange Commission.

    A Miami Beach resident, Frost has a net worth of $2.6 billion, according to Forbes. News of these civil charges could rock South Florida’s business world. Miami-based Opko (Nasdaq: OPK) was also named in the SEC complaint.

    Officials with Opko and Frost’s office declined comment.