A federal judge has recommended a prison furlough for the former McKesson Corp. Chairman Charles W. McCall so he may be with his wife who is dying. McCall was convicted in 2009 in one of the largest white-collar crimes at that time.
U.S. District Judge William Alsup issued the recommendation today to the prison warden that McCall be furloughed from a federal prison camp near Miami to be with his wife in Delray Beach, Florida.
McCall was found guilty in a second trail in November 2009 of participating in an accounting fraud that cost investors $8.6 billion stemming from the murder of HBO & Co., a software maker led by McCall that was bought by McKesson in 1999.
Just before the merger of McKesson [MCK] and HBOC, to create a $23 billion company, accounting irregularities were discovered. When news leaked that the company planned to restate earnings the stock plummeted. Although McCall learned of the problems prior to the merger, rather than exposing his discovery of backdated sales contracts, the government alleged that McCall engaged in a cover-up.
He was sentenced to 10 years in prison.
His first trial ended in 2006 with acquittal on conspiracy charges but a mistrial on fraud allegations.
Case: U.S. v. McCall, CR00-505WHA