Ex-Healthsouth Cfo Sentenced, Is Ordered to Pay $2.4 Million

Summary


HUNTSVILLE, Ala. - A federal judge on Saturday sentenced a former HealthSouth Corp. chief financial officer to six months of house arrest and ordered him to pay more than $2.4 million for his part in the clinic chain's multibillion-dollar accounting scandal.

Michael Martin, 42, pleaded guilty to conspiracy to commit wire fraud and securities fraud, and falsifying financial information. He was ordered to forfeit $2.375 million and fined $50,000.

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Ex-Healthsouth Cfo Sentenced, Is Ordered to Pay $2.4 Million

His voice cracking, Martin apologized to his family...

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