Late Friday morning officials with the Cass County Health System (CCHS) released a statement with regard to CCHS CEO Todd Hudspeth. Cass County Memorial Hospital Board of Trustees President Ned Brown commented on what he said was a recent charge against CEO Todd Hudspeth related to a personal banking matter.

Early this (Friday) afternoon, Hudspeth issued a statement regarding the matter. In it he said “In January of this year I received a disbursement from an investment account that was created years ago by my ex-wife and I to save for my son’s college tuition.  The disbursement check was made out to both of us, and was to be deposited into a checking account to pay my son’s college expenses.  It was very close to the tuition due date so I wanted to get the check deposited as soon as possible.  In my haste I made a poor decision and endorsed the check with both my ex-wife’s name and my own to deposit the funds into the checking account.  I then wrote a check and paid my son’s tuition. I simply wasn’t thinking and it was a ill-advised thing to Both my ex-wife and I knew where the money was supposed to go and that it would be used for college expenses for our son, which it was.  I was just trying to get the college funds in my son’s account as quickly as possible and took a foolish shortcut to expedite that process.”

Hudspeth said also ” My attorney has advised me to not provide any additional statements as long as this is an active investigation.”