Former HealthSouth exec gets prison time
Published 3:01 pm Wednesday, July 1, 2009
BIRMINGHAM, Ala. (AP) — Another former HealthSouth executive is going to prison for his role in a huge financial fraud at the Birmingham-based rehabilitation company.
A judge sentenced former HealthSouth finance chief Tadd McVay to three months in prison for his role in the fraud.
McVay already has served five years on probation and six months of house arrest after pleading guilty in the scheme six years ago. But an appeals court ruled that penalty was too lenient, so U.S. District Judge Inge Johnson on Tuesday ordered McVay to prison for 90 days.
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McVay has said he was promoted to chief financial officer at HealthSouth in late 2002. He said he signed a phony earnings statement rather than lose his job, which paid $400,000 a year.