An executive with a former subsidiary of WebMD pleaded guilty to tax evasion and conspiring to inflate the company's earnings from 1997 to 2001. The defendant, Henry Holbrook, 51, helped create Medical Manager and served as one of its vice presidents during the period. Prosecutors said Holbrook had companies acquired by Medical Manager pay kickbacks to himself and others. Holbrook and other senior managers also inflated quarterly revenue in order to beat analysts' expectations and boost the market price of Medical Manager and WebMD stock, prosecutors said. Holbrook could face up to five years in prison on both the conspiracy count and the tax evasion charge. Last month 10 other former executives of Medical Manager were indicted on conspiracy and money-laundering charges. -- by the Associated Press
Former WebMD exec pleads guilty to accounting fraud
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