RSS feedsMike Martin, the former chief financial officer for health care company HealthSouth Corp, will serve time in jail after an appeal court considered his original sentence to light.
Martin was sentenced to serve three years in prison for his role in a $2.7bn fraud (£1.4bn) at the company, but his original sentence only required him to serve time on probation and house arrest.
He was originally sentenced to just five months probation and was later ordered to serve only seven days in prison. Both of those sentences were overturned after U.S. prosecutors protested the lenient penalties
This week the 11th Circuit Court of Appeals called the week-long prison term
given to Martin at a second sentence 'shockingly short,' and ordering another
sentencing.
He will begin his prison sentence on 12 October and will serve two years of
supervised release after finishing his jail term.
Martin was chief financial officer at HealthSouth from late 1997 to early 2000
