Former Powell Valley CEO Pays $3.5M to Settle Fraud Suit

Paul Cardwell, the former CEO of Powell (Wyo.) Valley Healthcare, has agreed to pay $3.5 million to settle a fraud lawsuit, according to a San Francisco Chronicle report.

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In March, Mr. Cardwell was indicted on 15 counts, including mail and wire fraud and money laundering, for an alleged embezzlement scheme that resulted in financial troubles for the hospital.

If approved by a judge, the settlement agreement would cancel Mr. Cardwell’s pending trial, according to the Chronicle report.

More Articles on Lawsuits Involving Hospital Executives:

Roseland Community Hospital Sued by Former Executives
Former Palo Verde Hospital Executives File Suit Against Board, Healthcare District
Former WellCare Executives Found Guilty of Healthcare Fraud

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