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Former WebMD CFO, Others Indicted

Practices included so-called round-trip transactions allegedly used to create fraudulent revenues.

> > The U.S. Attorney for the District of South Carolina has indicted 10 former officers and employees of Medical Practices Health Systems Inc. for allegedly participating in a conspiracy to fraudulently inflate the reported earnings of the company by more than $16.8 million between 1997 and 2001.
Medical Practices Health Systems and its parent company WebMD have since changed their name to Emdeon Practice Services, a unit of Emdeon Corp.
Source: CFO


Published:2005-12-19
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