Navigation Links
UCI Medical Affiliates, Inc.'s Internal Investigation Leads to SEC Action and Criminal Charges Against Former Executive Officer
Date:7/8/2009

COLUMBIA, S.C., July 8 /PRNewswire-FirstCall/ -- UCI Medical Affiliates, Inc. (UCIA.PK) announced that on July 6, 2009, the Securities and Exchange Commission filed a Complaint in the United States District Court for the District of South Carolina against Jerry F. Wells, Jr., the former Executive Vice-President of Finance, Chief Financial Officer, and Secretary of UCI Medical Affiliates, Inc. (the "Company"), alleging violations of the Securities and Exchange Act of 1934 and the rules promulgated thereunder, and seeking to permanently enjoin Mr. Wells from engaging in any future violations and from serving as an officer or director of a public company. On July 6, 2009, Mr. Wells filed a Consent with the court stating that he will not oppose the court's awarding the injunction requested by the Commission. Criminal charges brought by the United States Department of Justice are also pending.

The Complaint alleges, among other things, the following information. Between 2003 and 2008, Mr. Wells embezzled approximately $2.97 million from the Company through a variety of measures including: (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 check requests for non-business expenses, including construction work on Mr. Wells' personal residences. Mr. Wells capitalized a portion of the expenses as fixed assets on the Company's balance sheet, rather than expensing them in their entirety as they were incurred, thereby causing the Company to overstate its net earnings in the affected periods. To justify capitalizing some of these expenses, Mr. Wells altered invoices from contractors performing work on his personal residences to indicate that the work was for one of the Company's facilities, and provided fraudulent work descriptions on the related check requests. Mr. Wells signed each of the Company's Forms 10-Q and 10-K and accompanying Sa
'/>"/>

SOURCE UCI Medical Affiliates, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. MDS Nordion Continues to Urge Government of Canada to Complete MAPLE Project to Address Critical Medical Isotope Shortage
2. Forsyth Medical Center participating in Avastin trial for new glioblastoma patients
3. Versus Technology, Inc. Announces Sale of Real-Time Location System to the St. Louis VA Medical Center
4. Insite Security Partners With WorldClinic to Offer Global Medical Support to Clients
5. Hybrid Concierge Medical Practice Provides More Value, Options to Growing Number of Physicians Nationwide
6. Latest Studies Show Junk Drinks Pose as Many Health Threats as Junk Food According to AquaHydrate Medical Advisor
7. TeamHealth Medical Call Center Awarded Third Consecutive URAC Health Call Center Accreditation
8. Medical Data Systems, Inc. (MDS) Announces Operations Expansion and Opening of its Primary Collections Operations Office
9. Council for American Medical Innovation and Hoosiers Work for Health Host Indiana Forum on Medical Innovation
10. Detroit Medical Center to Partner With my1HIE(R) and Link With United Physicians and Olympia Physician Groups
11. iData Research Publishes Market Analysis Series on Electronic Medical Records and PACS
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/30/2014)... Of the many sub-groups of cells jockeying for ... not be those that can proliferate the fastest, researchers ... in an advance online publication of the journal ... the treatment of cancer with precision medicines, the study ... are truly driving the tumor,s growth and metastasis and ...
(Date:7/30/2014)... July 30, 2014 Everyone knows that the ... basically everyone. Whether people are looking for something to buy, ... a dentist, the internet is pretty much always going to ... Dental in Lauderdale Florida is so happy to announce the ... web presence into the modern age. Whether a person wants ...
(Date:7/30/2014)... Dallas, Texas (PRWEB) July 30, 2014 ... provides key market data on the North America Contrast ... of US dollars, and volume (in units) and average ...     CT Injectors ,     Interventional Cardiology/Angio Injectors ... medium (or contrast agent) is a substance used to ...
(Date:7/30/2014)... (WAVES) conference is coming to Fairfield, Iowa,s Maharishi University ... August 3. To watch the main plenary talks, visit ... such a large and diverse group of Vedic scholars ... relevance of ancient Vedic knowledge in today,s world. Topics ... and reflections on the various Vedic texts. , The ...
(Date:7/30/2014)... Naomi Fried, PhD, and Alexis Gilroy, ... of the American Telemedicine Association (ATA). The ... a mission to promote professional, ethical and equitable ... technology. , “Both Naomi Fried and Alexis Gilroy, ... and are well known experts in their respective ...
Breaking Medicine News(10 mins):Health News:Target growth-driving cells within tumors, not fastest-proliferating cells 2Health News:Target growth-driving cells within tumors, not fastest-proliferating cells 3Health News:Sierra Dental Releases New Website For Fort Lauderdale Residents 2Health News:Contrast Media Injectors Market in North America (US, Canada, Mexico) to 2020 Report Available at MarketOptimizer.org 2Health News:Contrast Media Injectors Market in North America (US, Canada, Mexico) to 2020 Report Available at MarketOptimizer.org 3Health News:Contrast Media Injectors Market in North America (US, Canada, Mexico) to 2020 Report Available at MarketOptimizer.org 4Health News:Vedic living in a modern world: International conference at Maharishi University 2Health News:Vedic living in a modern world: International conference at Maharishi University 3Health News:American Telemedicine Association Welcomes Two New Members to the Board of Directors 2
... The Justice Department,today announced that it has reached ... is headquartered in Southfield, Mich., under the,Americans with ... Weight,Loss Clinic refused to serve a prospective client ... of today,s agreement, Medical Weight Loss Clinic will,provide ...
... to announce the arrival of newly FDA-approved Evolence®--the latest injectable ... beauty treatments. EVOLENCE® utilizes highly-purified porcine Type I collagen, regarded ... identical similarity to human collagen. , ... ...
... G.,Rendell today issued an executive order regarding the ... after the law,authorizing its operation expired on June ... when PHC4 was allowed to "sunset",by the General ... The Rendell administration is committed to creating ...
... serve a distinct advantage on, the road to recovery, said Carl ... ... July 8 The Mariners Inn shelter and treatment,center in downtown Detroit is ... chief operating officer., "Both Jim and David are outstanding leaders in the ...
... Reductions in Iron Blood Levels Associated with Decreased Cancer Risk ... peripheral arterial disease who participated in a randomized controlled trial ... had a reduced incidence of cancer relative to men in ... studies have suggested that lower levels of iron in the ...
... Act yet to show drop-off in access predicted by ... patients have not lost access to care despite federal ... recent years, a new report finds. , Critics feared ... would make treatment more difficult, but investigators from the ...
Cached Medicine News:Health News:Justice Department Reaches Settlement Agreement With Medical Weight Loss Clinic 2Health News:Move Over, Popular Beauty Fillers--Here Comes Evolence 2Health News:Move Over, Popular Beauty Fillers--Here Comes Evolence 3Health News:Governor Rendell Issues Executive Order Regarding Pennsylvania Health Care Cost Containment Council 2Health News:Governor Rendell Issues Executive Order Regarding Pennsylvania Health Care Cost Containment Council 3Health News:Mariners Inn Announces New Executive Leadership 2Health News:Also in the July 8 JNCI 2Health News:Also in the July 8 JNCI 3Health News:Also in the July 8 JNCI 4Health News:Cancer Care Unaffected by Doctor Reimbursement Changes 2
(Date:7/30/2014)... PARIS , July 30, 2014  Regeneron Pharmaceuticals, ... SAN and NYSE: SNY ) today announced ... in people with hypercholesterolemia met their primary efficacy endpoint ... lipoprotein cholesterol (LDL-C) at 24 weeks compared to placebo ... targeting PCSK9 (proprotein convertase subtilisin/kexin type 9). ...
(Date:7/30/2014)... -- DigiPath, Inc. (OTCBB and OTCQB: DIGP), a digital pathology ... and education markets, announced today that has been no ... disclosed or, to its knowledge, any other reason to ... "We have noticed unusual price and volume increases for ... Steve Barbee , CEO of DigiPath. "While we ...
(Date:7/30/2014)... July 30, 2014  Packaging Coordinators, Inc. (PCI) is ... to acquire Penn Pharmaceutical Services Limited (Penn Pharma). Penn Pharma ... in the United Kingdom and ... and Tokyo , Japan. Penn ... Clinical and Commercial dosage form manufacturing, as well as ...
Breaking Medicine Technology:Regeneron and Sanofi Report Positive Top-Line Results from Nine Phase 3 Trials of Alirocumab in People with Hypercholesterolemia 2Regeneron and Sanofi Report Positive Top-Line Results from Nine Phase 3 Trials of Alirocumab in People with Hypercholesterolemia 3Regeneron and Sanofi Report Positive Top-Line Results from Nine Phase 3 Trials of Alirocumab in People with Hypercholesterolemia 4Regeneron and Sanofi Report Positive Top-Line Results from Nine Phase 3 Trials of Alirocumab in People with Hypercholesterolemia 5Regeneron and Sanofi Report Positive Top-Line Results from Nine Phase 3 Trials of Alirocumab in People with Hypercholesterolemia 6Regeneron and Sanofi Report Positive Top-Line Results from Nine Phase 3 Trials of Alirocumab in People with Hypercholesterolemia 7Regeneron and Sanofi Report Positive Top-Line Results from Nine Phase 3 Trials of Alirocumab in People with Hypercholesterolemia 8DigiPath No New Corporate Developments 2PCI Announces Definitive Agreement to Acquire Penn Pharma 2PCI Announces Definitive Agreement to Acquire Penn Pharma 3PCI Announces Definitive Agreement to Acquire Penn Pharma 4PCI Announces Definitive Agreement to Acquire Penn Pharma 5
... The Affinity pacemaker family ... smallest, truly automatic devices. ... combination of advanced technologies ... DR pacemaker incorporates the ...
... The Affinity pacemaker ... today's smallest, truly automatic ... effective combination of advanced ... Affinity DR pacemaker incorporates ...
... The Affinity pacemaker family ... smallest, truly automatic devices. ... combination of advanced technologies ... DR pacemaker incorporates the ...
... The Guidant INSIGNIA Ultra ... patient-specific, easy-to-use features for ... enhanced patient safety. All ... programmed using the ZOOM ...
Medicine Products: