So much for what cooperating with federal prosecutors will get you. William T. Owens assisted the Feds in making their case against his fellow executives and for his trouble received the longest jail term meted out in relation to the Health South fraud.

Owen's assumed ace-in-the-hole were his recorded conversations with Health South top dog Richard Scrushy. Scrushy was recently acquitted but still faces a variety of other civil charges. Owens himself plead guilty to conspiracy to commit securities fraud, wire fraud and certifying a false financial statement.

Via the New York Times.

-- MDT

Labels: 2006, Health South