Make us your home page

Former executives of Tampa software company are acquitted of fraud

A federal judge has overturned a guilty verdict against two former Tampa businessmen, saying the statute of limitations had expired in the fraud case.

As a result, John Kang and John P. Sessions, the former president and chief operating officer, respectively, of Medical Manager Health Systems, have been acquitted of charges that they fraudulently inflated the company's revenues between 1997 and 2003.

A jury in Charleston, S.C., had convicted the men following a seven-week trial in February. But U.S. District Judge David C. Norton ruled Thursday that the government had not brought the case in a timely fashion and vacated the guilty verdict, which carried a sentence of up to five years in prison and a $250,000 fine.

A high-flying Tampa company during the tech boom, Medical Manager developed software for doctors' offices. It was acquired by WebMD in 2000 and later sold to Sage Software.

John Lauro, who represented Kang, said, "It's extraordinarily rare for a court to dismiss a case at this stage on these grounds. We're unbelievably pleased."

Former executives of Tampa software company are acquitted of fraud 05/27/10 [Last modified: Thursday, May 27, 2010 7:43pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Tampa is 15th-most popular city to move to with U-Haul


    TAMPA —Tampa is undoubtedly a destination point, at least according to U-Haul.

    Tampa is the No. 15 destination for people moving with U-Haul trucks. | Times file photo
  2. Florida's economy growing faster than other big states and far better than U.S. overall


    When it comes to economic growth, Florida's running alongside the leading states and well ahead of the United States as a whole.

  3. Westshore Marina District project takes shape with another acquisition

    Real Estate

    TAMPA — One of Tampa Bay's prime waterfront areas took another major step toward redevelopment Friday as WCI Communities bought 2.35 acres in Westshore Marina District.

    WCI Communities, Lennar's high-end subsidiary,has paid $2.5 million for 2.35 acres in the Westshore Marina District for 35 townhomes. WCI is under contract  to buy an additional 9.5 acres.
[BTI Partners]
  4. Posh Guy Harvey RV park to open in Tampa Bay with $250,000 cottages


    HOLIDAY — Love those Guy Harvey T-shirts with the soaring marlins? In the not too distant future, you might be able to kick back in your own Guy Harvey cottage in the first-ever Guy Harvey RV park.

    Renderings of the clubhouse and an RV cottage site of the planned Guy Harvey Outpost Club & Resort Tarpon Springs.
[Guy Harvey Outpost Collection]
  5. Port Tampa Bay secures $9 million grant to deepen Big Bend Channel


    Port Tampa Bay has secured a $9 million grant from the U.S. Army Corps of Engineers for the widening and deepening of the Big Bend Channel in southern Hillsborough County.