Pittsburgh Tribune-Review (04/14/12) Brian Bowling
Richard McDonald, the former chief executive of the Wilkins,
PA-based medical staffing firm World Health Alternatives Inc.,
pleaded guilty to one count each of wire fraud, securities fraud,
certifying false statements to the U.S. Securities and Exchange
Commission, payroll tax evasion, and income tax evasion as part
of a deal with the government to avoid prosecution on 15
additional charges. McDonald assumed the top post at the company
in 2003 and resigned in 2005, and during his tenure, he
transferred company money to his personal account and hid the
fact that the company had $2.3 million in unpaid payroll taxes,
among other things. The company filed bankruptcy six months after
his resignation and was acquired by Alpharetta, GA-based Jackson
Healthcare Solutions in 2006.
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