A Mansfield, US, based business is at the centre of an investigation by the FBI.

Federal authorities say four men have been indicted in an alleged conspiracy to defraud investors of $7 million for a hypodermic needle device called “The Sharps Terminator.”

William Schureck, 80, of Lexington, Daryl Dane Donohue, 66, of Mansfield, Kenneth Jackson, 58, of Glenmont and Dennis Deciancio, 72, of Macedonia, all four men affiliated with the company called Medical Safety Solutions or MSS. The men were indicted on 31-counts that include fraud, conspiracy to commit mail and wire fraud, money laundering, and making false statements.

According to the indictment, the defendants misrepresented a product that was not federally approved or ready for mass production. They’re also accused of seeking buyers for private shares of stock in the company that weren’t registered securities between 2007 and 2013.

The indictment also states that Jackson and Schureck transferred money to cover other expenses and Jackson gambled more $3 million at the Mountaineer Casino between 2009 and 2013.

This might be something of an administrative matter, or lack of registration, failure to compete the necessary forms and/or submit to official testing procedures. And of course that trifling matter of $7 million. If however it relates, even in part, to bogus claims that sharps can be managed more safely using http://www.sharpsterminator.com/ than any alternative, or that the device is proven in fact to be unsafe, then that would clearly be far worse.