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Ex-HealthSouth CFO Receives Probation For Cash Deposits

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BIRMINGHAM, Ala. (AP) -- A former HealthSouth chief financial officer has been sentenced to a year's probation for illegally making a series of cash deposits.


Malcolm "Tadd" McVay received the probation term Tuesday for making the deposits totaling more than $180,000. He also agreed to forfeit $150,000.


McVay told U.S. District Judge U.W. Clemon in December that he did not know the series of deposits of his own money was a crime.


The former banker made the deposits between August and October 2006. Some were made minutes apart and were just below the $10,000 threshold at which banks must file currency transaction reports.


McVay pleaded guilty in 2003 and received probation in the HealthSouth accounting fraud case.

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