Call Us Free: (800) 394-2767

Former health insurance CFO gets jail time

The former chief financial officer of a Washington state health insurance company that serves people on Medicare has been sentenced to a year in prison for embezzling $632,000.

Federal prosecutors said Zachary Augustus Smulski took the money from Federal Way, Wash.-based Soundpath Health in an effort to finance his own startup companies — but paid it back as soon as he got caught.

In addition, as U.S. District Judge Robert Lasnik sentenced him on Friday, he paid $29,000 to cover professional fees that Soundpath had incurred as a result of his actions.

Source link

Leave a Reply