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Biotech / Medical : HEALTHSOUTH Corporation (HLSH)

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To: jmhollen who started this subject	4/22/2004 2:01:19 PM
From: jmhollen	of 116

"...One (rat) at a time, sweet Jesus......... Former HealthSouth exec pleads guilty to fraud 04/22/2004 1:53:41 PM BIRMINGHAM, Ala., April 22 (Reuters) - A former executive of scandal-plagued HealthSouth Corp. (HLSH) on Thursday pleaded guilty to fraud charges for his part in a kickback scheme involving a hospital in Saudi Arabia. Former HealthSouth Vice President Vincent Nico was arraigned before a magistrate and then entered his guilty plea to one count of wire fraud in U.S. District Court in Birmingham, where the company is based. Nico, 47, who already paid a forfeiture fee of just over $1 million for kickbacks and bonus he received, was released on $20,000 bond and is scheduled to be sentenced on July 22. While Nico faces a maximum of 20 years in prison, U.S. Magistrate John Ott said he will likely serve 18 months behind bars. Prosecutors recommended a reduced sentence, saying Nico accepted responsibility for his actions and was assisting with their investigation. .

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