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Accused SC financial exec sentenced to prison term - Live5News.com | Charleston, SC | News, Weather, Sports

Accused SC financial exec sentenced to prison term

COLUMBIA, S.C. (AP) - The former chief financial officer of a medical management company has been sentenced to 6 1/2 years in prison after being accused of stealing from his employer.

U.S. Attorney Bill Nettles said Thursday that Jerry Wells also was ordered to repay $2.97 million he took from Columbia-based UCI Medical Affiliates.

Wells pleaded guilty in 2009 to eight counts of filing false financial statements with the Securities and Exchange Commission. Prosecutors said he stole money by using his corporate credit card for personal expenses, preparing false expense reports and submitting check requests for nonbusiness expenses, including construction on homes in Columbia and on Fripp Island.

Wells had been hired to help guide the company that manages Doctors Care medical clinics out of bankruptcy.

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