Another ex-HealthSouth Corp. executive has escaped jail time for his role in the Birrmingham, Ala., company's sweeping accounting scandal, which is estimated to have reached at least $3.4 billion. U.S. District Judge U.W. Clemon on Saturday in Huntsville, Ala., sentenced former Chief Financial Officer Michael Martin, 42, to six months of home detention. Martin was also ordered to forfeit nearly $2.4 million gained through the fraud and to pay a $50,000 fine. Martin, who pleaded guilty to conspiracy to commit wire and securities fraud and falsifying financial information, served in various capacities in HealthSouth's accounting department from 1989 until October 1997, when he was promoted to CFO. He served as CFO until February 2000, when he left HealthSouth. Of 10 former executives who have pleaded guilty to criminal charges and have already been sentenced in relation to the scandal, only one -- Emery Harris, former vice president of finance and assistant controller -- has received a prison term. Federal prosecutors recommended a five-year jail term for Martin. -- by Julie Piotrowski
Former HealthSouth CFO sentenced
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