Ex-HealthSouth CFO Pleads Guilty In Bank Suit

Law360, New York (December 20, 2007, 12:00 AM EST) -- After dodging prison time twice for his role in the company's accounting scandal, the former chief financial officer of HealthSouth Corp. pled guilty Wednesday to making illegally structured bank deposits in a separate case.

Malcolm McVay pled guilty to two counts of the charge in the U.S. District Court for the Northern District of Alabama. The penalty for structuring financial transactions is a maximum of five years in prison and a fine of $250,000.

However, prosecutors said in the plea agreement that they would recommend to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.