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Sarbanes-Oxley News & Developments
Former HealthSouth CFO Gets 27 MonthsEven though prosecutors maintain that Weston Smith "was the first individual to come forward and advise the government of the accounting fraud," the judge hands him the heaviest HealthSouth sentence by far.
> > Smith was the first of five ex-CFOs of HealthSouth who agreed to plead guilty and to testify against former chief executive officer Richard Scrushy, who was acquitted for his alleged role in the scandal. Of the five former CFOs who have pleaded guilty, his sentence is the heaviest by far.
Smith pleaded guilty to one count each of conspiracy to commit wire and securities fraud, falsely certifying a financial report, and falsifying a report to the SEC.
Source: CFO
Published:2005-09-23
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