If you’re not reading SRHS Trustee Scott Taylor’s blog…..

Then those of you that get part of your daily news on Slabbed are really missing out. First off I want to give Taylor a WordPress platform tip so that the posts and comment time stamps are expressed in local time. From your dashboard go to “settings”, then click “general” on the sub-menu. On your general settings tab change the timezone to “UTC-5” from the drop down menu. You can thank me later.

On Sunday, Taylor posted his take on the Board of Supervisor’s recent Public Relations push with legal consultant Billy Guice on the point for the Sups. The post was good but the comments to Taylor’s post, as is often the case on an interactive website, are out of this world and I think are a must read.

My personal opinion is most everyone on the outside looking in at the Singing River financial disaster without a financial dog in the hunt, especially informed financial observers spot the self-serving duplicity in how both the Supervisors and the SRHS Board of Trustees are trying to frame the management perpetrated accounting fraud which lays at the heart of financial crisis that grips the hospital.

At its most basic, both the Sups and the SHRS Trustees are trying to scapegoat the former auditors and the retirees for the bad business practices and fraudulent  financial reporting which occurred under former CEO Chris Anderson’s and CFO Mike Crews’ watch at the helm of SRHS. It is a shame the old time practice of tarring and feathering has gone out of style because I can think of five Supervisors (Stupidvisors in RFP speak) that deserve a good tarring, feathering before being run out of town on a rail. These are strong words but I am an informed financial observer so the bullshit is easy to spot. Let’s start with April Havens over at the Mississippi Alabama Press:

Jackson County supervisors this morning announced they are suing KPMG, Singing River Health System’s former audit firm whose work led to a disastrous $88 million accounting adjustment.

Supervisors today hired attorney Billy Guice on a contingent fee basis to represent the county in its suit against the audit firm.

KPMG has been the scapegoat of choice for both the SRHS Board when the financial fraud (though it was not reported as such by the Mississippi Alabama Press) first came to light back in March, 2014 as County Comptroller Josh Eldridge, reportedly a CPA that previously worked for the State Auditor’s office took point for the Sups spinning the management perpetrated financial fraud just days after Chris Anderson abruptly left Singing River Health for Baptist in Jackson:

“It’s a large adjustment,” county Comptroller Josh Eldridge said.

Board attorney Jessica Dupont noted, however, that the county doesn’t know of a current lawsuit.

The health system is county-owned, and the county backs its debt, but county tax dollars do not fund the system’s operations. The county has five mills pledged in case the health system ever defaults on its debt, but Eldridge noted the system is “not even close” to default.

That tune has since changed with regard to the bonds being in default, such condition also present when Eldridge made those initial statements. Now back to Jackson County’s announcement that they were suing KPMG as Guice literally beclowns himself before the financial and auditing community as he lists two grounds for the suit:

Last week, Guice said the audits did not appropriately disclose the state of the pension in the annual audits. That information should have been presented in the audit highlights at the beginning of the document, he said.

Instead, the most important information was buried in the “notes” section at the end of the audit, he said.

Now at this point I’m going to put on my professional hat as a CPA/Auditor but I’m going to express the concepts in the language used by an 8 year old so that maybe some of this sinks in with the Stupidvisors, who I would highly encourage to run  by their in-house financial expert Josh Eldridge.

The “front part” of the audit is called “Management Discussion and Analysis“. You see boys and girls, in an audit there are two teams. One team is called management. The boys and girls that belong to Team Management work at the hospital. These people include doctors and nurses that cure your bobos and hurts. It also includes the boys and girls that manage the hospital. The other team is called the “auditors” and that team includes the boys and girls that make sure the Hospital reports its cures of bobos and hurts accurately for everyone most everyone for just a few people to see.

Now back to grownup talk for the professionals that read this website. Continue reading “If you’re not reading SRHS Trustee Scott Taylor’s blog…..”

Comment bump | SRHS Retirees meet your new State Judge: “One need only briefly peruse the state court record to recognize the manifest dereliction of judicial function”

And best of all new Singing River Hospital Trustee Scott Taylor could likely give us all manner of background since he was there. If I were in your shoes I’d be preparing for the worst because that is very likely what is coming. The following is via Nunn Yabidnez on “What is Singing River Health System and the Jackson County Board of Supervisors Hiding? A comment bump“:

Well, this is going from “interesting” to downright weird. L. Breland Hilburn is now (at least until someone files a motion that gets granted) the special judge over the SRHS mess. For those who don’t know, which is likely most folks, Judge Hilburn was involved in the Scruggs-Wilson-Luckey love triangle. He gave Scruggs and Co. an “interesting” midnight-hour order that attempted to keep the tobacco money out of the reach of Luckey and Wilson, who had attempted an end run by going to federal court in Texas. The Texas court punted the whole thing back to MS fed court, which basically laughed at Hilburn’s order. Why does this matter? Who knows, but new SRHS Trustee Scott Taylor was the guy advising Scruggs that Luckey and Wilson owed Scruggs money, etc., and Hilburn seemed to be awfully sympathetic to Scruggs’ positions. And perhaps even more interesting, after his retirement from the bench, Judge Hilburn has been associated with the Eaves firm in Jackson, a _plaintiff’s_- with-a-capital-P firm (John Arthur Eaves Sr. and Jr., the latter also having all sorts of interesting facets, including a stepson who recently bit the head off of a live mouse, hamster or gerbil). And Pope Mallette and Cal Mayo, of Oxford and Scruggs’ attorneys in the Wilson v. Scruggs litigation, are repping at some of the Plaintiffs in the SRHS mess. Plus, Mike Moore was looking to get into the SRHS mess, too. Sure, MS is a fairly small legal pond, so there will be overlap, but this is getting a bit ridiculous. What remains to be seen is just what these plaintiffs/mass tort guys (and Mayo-Mallette) see as the payday in suing SRHS and the pension plan for being, basically, broke.

A post from the old “folo.us” site (long defunct, and Tom Freeland of FOLO-turned-NorthMSCommentator died earlier this year) talked about Hilburn’s role in Wilson v. Scruggs. I am not saying the content is correct or incorrect, but am simply quoting it in its entirety. The links to the various opinions/orders cited are dead, but if anyone is interested in them, I’m sure they are available elsewhere. Here it is:

“Sic ‘em
March 22nd, 2008

Well dang, boys and girls, NMC’s balky scanner is still holding up my next addition to our Bobby DeLaughter file, but never fear, I’ve got another yarn to share with you, and before it’s over, that name will briefly appear.

Lately I’ve been corresponding with a national reporter who, for both papers and magazines, has covered Dickie Scruggs for some years now. Yesterday as we were speculating about where all this goes next, he told me a story going back to the days before Luckey and Wilson became separate cases. With his permission, I’ll share it (now augmented with some further research of my own), since he rather expects the FBI may — or at least should – be looking into the questions it raises about Dickie Scruggs’s influence over yet another judge . . . Continue reading “Comment bump | SRHS Retirees meet your new State Judge: “One need only briefly peruse the state court record to recognize the manifest dereliction of judicial function””

Comment Bump: RFP finds SRHS Trustee Scott Taylor in Slabbed’s Archives

Here in an old post is a brief mention of the newly appointed SRHS Trustee Scott Taylor in the context of his advising Dickie Scruggs. As far as I could find it is the only prior mention of Scott Taylor on Slabbed. Who may well be all that John McKay thinks he is. The past association with the Scruggs firm (Scruggs, Millette, Bozeman and Dent) is not exactly a secret, and it was mentioned in the recent Sun Herald coverage of Taylor’s appointment by John McKay.

Taylor, a Mississippi College Law School graduate in 1992, managed asbestos claims for the law firm Scruggs, Millette, Bozeman and Dent in Pascagoula from 1994-2000. He ran his own practice from 2000-2003. He was previously employed at the John M. Deakle Law Firm in Hattiesburg, and Langston, Frazier & Sweet in Jackson.

Some Slabbed readers may be surprised to learn that the Scruggs firm was representing Kwajalein Island landowners in treaty negotiations with the US government in 2000.

Marshall Islanders Want Big Bucks For More Missile Tests
by Giff Johnson
Majiro (AFP) February 24, 2000 – Marshall Islanders seeking a vast increase in US payments for using a test range central to Washington’s plans for a national missile defense system have hired a high-profile US law firm to get them a “better deal.”

Senator Ataji Balos, who represents Kwajalein Atoll home to a major US missile test range, announced Thursday that Kwajalein landowners have hired the law firm of Mississippi-based Richard F. Scruggs. Continue reading: Tower of Babble – USA v Delaughter and Wilson v Scruggs in Slabbed’s archives.