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HealthSouth CFO Avoids Prison, Again

HealthSouth CFO Avoids Prison, Again

by Toby Lucich on February 26, 2007

Former HealthSouth chief financial officer Malcolm “Tadd” McVay was sentenced Thursday to five years’ probation, the same sentence an appeals court threw out last year.

McVay — one of five former CFOs charged in connection with the company’s $2.7 billion accounting scandal — served as CFO for only four months. In 2004 he pleaded guilty to conspiracy to commit wire and securities fraud and filing false financial reports. Given his cooperation in the case against former CEO Richard Scrushy, prosecutors reportedly sought a prison term of five years and five months.

HealthSouth CFO Avoids Prison, Again

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