Navigation Links
UCI Medical Affiliates, Inc.'s Internal Investigation Leads to Former Executive Officer Pleading Guilty to Criminal Charges
Date:7/24/2009

COLUMBIA, S.C., July 24 /PRNewswire-FirstCall/ -- UCI Medical Affiliates, Inc. (Other OTC: UCIA) announced that Jerry Francis Wells, Jr., the former Executive Vice-President of Finance, Chief Financial Officer, and Secretary of UCI Medical Affiliates, Inc. (the "Company"), pled guilty on July 23, 2009 in federal court to criminal charges for falsifying eight of the Company's periodic reports filed with the Securities and Exchange Commission. On the eight reports that were submitted to the SEC, Wells falsely stated that he had disclosed "any fraud, whether or not material, that involves management or other employees who have a significant role in [UCI's] internal controls over financial reporting." As a result of these false filings, Wells was charged with, and pleaded guilty to, eight counts of making false statements to a government agency, in violation of Title 18, United States Code, Section 1001.

During the plea hearing, Wells admitted that from January 2003 through December 2008, he embezzled $2,967,382 from the Company by (1) using the Company's corporate credit card to pay personal expenses; (2) preparing false expense reports and submitting them for reimbursement; and (3) submitting fraudulent check requests for non business expenses, such as construction work on his personal residences and payments on personal credit card accounts.

The United States District Court will impose sentence after review of a presentence report which will be prepared by the U.S. Probation Office. The maximum penalty Wells can receive on each count is a fine of $250,000 and imprisonment for five years. Wells will also be ordered to repay the money he stole from the Company.

On July 23, 2009, Unites States Attorney W. Walter Wilkins expressed his appreciation to the Company for its assistance and stated that "UCI uncovered the fraud and brought it to the attention of the SEC and the United States Attorneys Office. During the resulting investigations of both the criminal and civil probes, UCI cooperated extensively, and it voluntarily provided all requested materials to federal investigators."


'/>"/>
SOURCE UCI Medical Affiliates, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Neusoft Medicals Latest Innovation, NeuViz 16 CT Scanner, Approved by FDA for the U.S. Market
2. U.S. Senator Sherrod Brown to Lend Support at MedWorks Free Medical Clinic This Weekend
3. Healthcare Informatics Associates, an InfoLogix Company, Selected by Hilo Medical Center for MEDITECH 6.0 EMR Implementation
4. Convection Cooled 350-Watt Open Frame Power Supply Meets Medical and Industrial Safety Standards
5. Jury Awards Valley Medical Center Patient $1.8 Million for Nursing Negligence
6. Council for American Medical Innovation Names Debra R. Lappin President
7. Palomar Medical Technologies To Host Second Quarter 2009 Financial Results Conference Call and Webcast on July 30, 2009
8. Rising Medical Solutions, Inc. Launches Unified Healthcare Portal for Payers, Patients and Providers
9. Physicians Interactive Acquires Skyscape Inc.-- Becoming Worlds Leading Mobile Medical Information Provider
10. Michigan State Medical Society Weighs in on Proposed Federal Health Care Reform Legislation
11. Pelosi Remarks at Press Conference Today on Health Care Reform and Medical Costs
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... Charlotte, NC (PRWEB) , ... June 26, 2016 , ... Brent Kasmer, a legally blind ... able to be personalized through a fitness app. The fitness app plans to fix the ... solutions currently only offer a one size fits all type program , They ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery ... of Mohs Surgery and to Dr. Russell Peckham for medical and surgical dermatology. , ... for skin cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency ... named Dr. Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm facility. ... Director of our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director ...
(Date:6/25/2016)... ... 2016 , ... On Friday, June 10, Van Mitchell, Secretary of the Maryland ... iHire in recognition of their exemplary accomplishments in worksite health promotion. , The Wellness ... & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was one of ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events may ... to unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. To ... for healthy coping following a traumatic event. , Trauma sufferers tend to feel a ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Roche (SIX: RO, ROG; OTCQX: RHHBY) announced ... BRAHMS PCT (procalcitonin) assay as a dedicated testing solution ... this clearance, Roche is the first IVD company in ... sepsis risk assessment and management. PCT is ... levels in blood can aid clinicians in assessing the ...
(Date:6/23/2016)... 2016 Capricor Therapeutics, Inc. ... biotechnology company focused on the discovery, development and ... enrollment in its ongoing randomized HOPE-Duchenne clinical trial ... of its 24-patient target. Capricor expects the trial ... of 2016, and to report top line data ...
(Date:6/23/2016)... Bracket , a leading clinical trial technology and specialty ... Bracket eCOA (SM) 6.0, at the 52 nd ... in Philadelphia , Pennsylvania.  A demonstration of ... its kind to fully integrate with RTSM, will be held ... a flexible platform for electronic clinical outcomes assessments that is ...
Breaking Medicine Technology: