Named in an SEC lawsuit as the executives behind the alleged fraud taking place from 2003 to 2007 are: Todd Farha, former WellCare CEO; Paul Behrens, former chief financial officer; and Thaddeus Bereday, former general counsel. The SEC's action, filed in federal court in Tampa, seeks to get back some of the money the executives allegedly received as a result of the alleged fraud, wants them to pay civil penalties and also seeks to prohibit them from serving as an officer or director of an SEC-regulated issuer.
The three executives previously were charged criminally along with two other former executives with conspiracy to commit Medicaid fraud, false statements and other related charges, a case that continues in federal court.
An attorney for the firm representing Behrens declined comment while attorneys listed in court documents as representing the other two couldn't be reached for comment.
A spokeswoman for WellCare declined comment and noted that the company has civil suits pending against the three as well.