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:6/27/2016)... ... , ... TherapySites, the leading website and online ... Counseling Association. This new relationship allows TherapySites to continue to extend their ... benefits and promotional offers. , "TCA is extremely excited about this new partnership, ...
(Date:6/27/2016)... ... June 27, 2016 , ... A ... revolutionize the emergency ambulance transport experience for the millions of people who require ... has disrupted the taxi industry through the use of technology. Now, SmartEMS has ...
(Date:6/26/2016)... ... ... Quality metrics are proliferating in cancer care, and are derived from many of ... beholder, according to experts who offered insights and commentary in the current issue of ... full issue, click here . , For the American Society of Clinical Oncology ...
(Date:6/26/2016)... ... June 26, 2016 , ... Pixel Film Studios Released ProSlice Levels, ... editors can give their videos a whole new perspective by using the title ... Pixel Film Studios. , ProSlice Levels contains over 30 Different presets to choose ...
(Date:6/26/2016)... ... ... blind and certified personal trainer is helping to develop a weight loss fitness plan that ... the two major problems leading the fitness industry today:, , All ... They don’t eliminate all the reasons people quit their exercise program , ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Bracket , a leading clinical trial technology ... outcomes platform, Bracket eCOA (SM) 6.0, at the 52 ... 30, 2016 in Philadelphia , Pennsylvania.  A ... product of its kind to fully integrate with RTSM, will ... 6.0 is a flexible platform for electronic clinical outcomes assessments ...
(Date:6/23/2016)... Colombia , June 23, 2016  Astellas today announced the establishment of Astellas Farma Colombia (AFC), a new ... affiliate in Latin America . ... ... ... ...
(Date:6/23/2016)... June 23, 2016 The vast majority of ... dialysis facility.  Treatments are usually 3 times a week, ... visit, including travel time, equipment preparation and wait time. ... especially grueling for patients who are elderly and frail.  ... nursing and rehabilitation centers for some duration of time. ...
Breaking Medicine Technology: