The former CIO of HealthSouth, Kenneth K. Livesay, was sentenced to six months of home detention for his role in falsifying financial information that the health-care company filed with the Securities and Exchange Commission.Livesay will also have to serve five years’ probation, pay a $10,000 fine and forfeit $750,000 from his gains at HealthSouth. He had pleaded guilty in April 2003 to three counts of conspiracy to commit wire fraud and securities fraud, and to falsifying quarterly and annual financial statements with the SEC. Livesay, 43, of Birmingham, Ala., joined HealthSouth in 1989 and was assistant controller until 1999 when he was promoted to CIO. His lawyer says he took the CIO job to avoid continuing his participation in the company’s fraudulent activities, according to The Wall Street Journal.Federal prosecutors had sought a five-year jail term for Livesay, and may still appeal the sentence he received. U.S. District Judge U.W. Clemon says Livesay merited home detention for his cooperation with government prosecutors. Livesay was sentenced the same week as former CFO Malcolm “Tadd” McVay, who also received a home detention and probation sentence for his role in the HealthSouth scandal.A forensic accounting review showed HealthSouth’s fraud totaled between $3.8 billion and $4.6 billion, the company said in a June 1 statement. Related content opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe