A federal grand jury indicted 10 former executives of Medical Manager Health Systems, now a subsidiary of Emdeon Corp. known as Emdeon Practice Services, for allegedly conspiring to inflate the software developer's earnings by $16.8 million between 1997 and 2001. Officials said the investigation was ongoing. The indicted executives come from the highest level of management -- among them, Medical Manager's former chief executive officer, former chief operating officer and former chief financial officer. They have yet to enter pleas to the charges of conspiracy and conspiracy to launder money, according to the U.S. attorney's office in Columbia, S.C., which is coordinating the federal probe. The government is seeking a total of $41 million in forfeitures from the former executives. The investigation previously netted guilty pleas to charges of mail fraud from three lower-level officials, including the whistle-blower who launched the probe. Emdeon, formerly known as WebMD Corp., acquired Medical Manager in 2000. In a statement, Emdeon said no members of its current management "have been named in the alleged improprieties." -- by Joseph Conn
Grand jury indicts 10 former execs at software firm
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