Tuesday, April 23, 2013

Judge: Lawsuit against missing former CEO proceeds

A fraud lawsuit against a former Powell health care CEO will proceed even though he's been missing since August. Former Powell Valley Healthcare CEO Paul Cardwell is being prosecuted and sued for allegedly defrauding the company of nearly $848,000. He disappeared shortly before he was set to accept a plea deal. Cardwell's two lawyers have been trying to pull out of the case. They've also argued that the company's management firm should have to prove that Cardwell fled before allowing the case to proceed. They say he could be dead or being held captive. Last week, U.S. Magistrate Judge Mark Carman ruled that the circumstances indicate that Cardwell is trying to avoid being prosecuted or being sued and the lawyers must continue to represent him.

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