[kcvl]

Sickly Turn for WellCare

By Melissa Davis
Senior Writer
10/25/2007 1:13 PM EDT

snip

Some WellCare insiders managed to escape that crash. Director Neal Moszkowski executed the most recent transaction, selling more than $1 million worth of stock four days before the raid. Meanwhile, WellCare CEO Todd Farha has been unloading company stock for months. He executed his last big transaction, which generated more than $1 million as well, just two weeks ago.

http://tinyurl.com/2j3th3

[floriduh voter]

Gee, if Wellcare investors got a heads up from the SEC, this is huge since the CEO of Wellcare was/is on the SEC. Talk about insider trading, Medicare/Medicaid Fraud. What can an SEC member be charged with? If this is true, I imagine he's going to federal prison.

www.sptimes.com today's paper gives the CEO's name. He has a last name like Khan.

Who else could be in hot water? The president, Jeb Bush and current Fla Governor Charlie Crist (one termer, I hope).

[floriduh voter]

CEO was also on SEC. Know anybody here with Stock Exchange credentials? They have tough rules and laws.

[floriduh voter]

Todd Farha's the CEO Bush 43 put on the SEC. Would not that break SEC laws at some point. Don't people have to divest their interests in corporations if they are federally appointed?

Well, Todd Farha didn't. I think he was part of Charlie Crist's campaign for governor. Crist hasn't said one word about this raid. I'll link Farha to Crist by next week. Crist will be a one termer imo.