Crossing the Line: An Insider’s Story of Fraud | News from CoB | SIU

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Crossing the Line: An Insider’s Story of Fraud

October 31, 2013, Dr. Marcus Odom


Weston Smith, President, ChalkLine Solutions

Weston Smith, President of ChalkLine Solutions in Hoover, Alabama, will be on campus speaking to students on Tuesday, November 5, from 6-8 p.m. in Lawson 151. Smith speaks frequently on ethics and integrity within business. He is passionate about teaching others the fruits of living and working responsibly, and the consequences of unethical conduct.

His background is unusual. He was once CFO of the Fortune 500 company HealthSouth Corporation, who over a dozen years became a Wall Street darling as it grew from one location to over 2000 in all 50 States. However, underneath the glimmering corporate office, the fleet of corporate jets, and “consistent” earnings reports, laid a multi-year multi-billion dollar financial statement fraud. Weston voluntarily came forward and exposed the fraud and accepted responsibility for his own actions.

Smith speaks frequently to universities and professional groups. In what he calls “Crossing the Line- An Insider’s Perspective of the HealthSouth Fraud,” he describes the culture of the company and the mechanics of the fraud and how detection was avoided. For audiences with auditors or regulators, he highlights both financial and non-financial red flags of corporate misconduct. Most importantly, Weston challenges and motivates all groups “to simply do the right thing.”

Smith is a former CPA who is a graduate of the University of North Alabama. He is a regular contributor to researchers of corporate fraud and has been featured on CNBC and Fox Business Network with Neil Cavuto.