A judge says a former CEO accused of defrauding two hospitals and fleeing to Thailand will remain in federal custody until his case is resolved. Paul Cardwell is accused of defrauding Powell Valley Healthcare in Wyoming. An indictment alleges Cardwell would arrange for hospital funds to be sent to a bogus recruiting firm supposedly run by Michael Plake of West Lafayette, Ind., but the money went to Plake and Cardwell instead. Plake is serving a 30-month sentence. Cardwell also is accused of defrauding White County Memorial Hospital in Monticello, Ind., when he was its CEO. Last week, a federal judge ordered that Cardwell be held until his case is resolved. His lawyer has indicated there could be a plea deal.
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