William Roe had been employed for 17 months for the health care system and apparently created his own consulting agency, Cycle Software, made out checks to the company and cashed them himself. An audit revealed where the money was coming from and where it was going to. I guess his salary of $300k a year was not enough? BD 
BRIDGEPORT, CN – A former chief financial officer for three different hospital networks is facing federal fraud charges for allegedly stealing more than $200,000 from health systems in Connecticut and Ohio.
William Roe, 54, of Wilton, Conn., has been charged with fraud and interstate transport of stolen funds in the misappropriation of $166,166 from Danbury Health Systems in Danbury, Conn., and $33,500 from Catholic Health Partners in Lima, Ohio. He had been employed by each health system at the time the fraud was alleged to have occurred.
Prior to joining Danbury Hospital in March 2009, Roe had been chief operating officer and CFO for the Moses Taylor Health Care System in Scranton, Pa., from 1998 to 2006 and CFO of the west central Ohio region of Catholic Healthcare Partners from 2006 to 2009.
According to the FBI, Roe also faces charges of defrauding Danbury Hospital out of $46,166 by altering the appraisal of his former home in Lima, Ohio, where he had lived before moving to Wilton to take the Danbury Hospital position. Danbury Hospital officials had agreed to pay Roe the difference between the appraised value of Roe’s house and what it sold for, officials said, so he allegedly boosted the value of the appraisal by about $70,000.
Former CFO in Connecticut, Ohio, charged with fraud | Healthcare Finance News