Whistleblower to discuss corporate fraud

2012-06-20T00:00:00Z Whistleblower to discuss corporate fraudFor The Times nwitimes.com
June 20, 2012 12:00 am  • 

HAMMOND | A former CFO-turned-whistleblower of a multi-billion dollar health care corporation will provide an insider’s perspective of corporate fraud at 7:30 p.m. Friday at Purdue University Calumet.

The presentation by Weston Smith, former chief financial officer of Fortune 500 Company HealthSouth Corporation, will be held in Alumni Hall of the university’s Student Union & Library. A social hour begins at 6:30 p.m.

By 2003, with Smith serving as CFO, HealthSouth had grown into a $4.5 billion owner and operator of rehabilitative hospitals with 2,000 locations in 50 states.

Subsequently, Smith voluntarily exposed to the government and took responsibility for his actions a corporate accounting scandal in which employees were directed to falsify reports of corporate earnings to meet stockholder expectations.

In his presentation, “Crossing the Line: An Insider’s Perspective of the HealthSouth Fraud,” Smith will describe the culture of HealthSouth, the mechanics of the fraud, how detection was avoided and why he came forward to expose his employer. Smith, who speaks frequently to universities and professional organizations, attempts to challenge and motivate his audiences to do what’s right.

Smith’s presentation is open to the public at no charge. It also is a Purdue Calumet MBA for Executives alumni networking event. RSVP to Purdue Calumet’s School of Management at (219) 989-3150 or (800) HI-PURDUE, ext. 3150.

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