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Business Crimes Hotline
CALIFORNIA
Former Chairman of McKeeson Corporation Sentenced to 10 Years in Prison
U.S. District Court Judge William H. Alsup sentenced Charles McCall to 10 years in prison and ordered him to pay a $1 million fine for his role in a fraud to inflate sales revenue.
McCall was indicted in 2003 and, after a 2006 jury trial, was acquitted on conspiracy charges, but the jury failed to resolve other charges. Thereafter, federal prosecutors re-indicted McCall, leading to his 2009 re-trial. McCall had been convicted in November of five counts of securities fraud and circumventing accounting rules. The government had alleged that McCall had backdated sales contracts to meet projections by recognizing revenue early. The prison term was five years, the minimum sentence and less than what the government requested. McCall's attorney said that he would appeal the present conviction and that his client maintains his innocence. Five other former McKeeson executives had pleaded guilty as a part of the government's investigation. In 2005, the company settled investor suits by agreeing to pay $960 million.
NEW YORK
Scoop Management Money Manager Pleads Guilty to 15 Counts of Fraud
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