The first of HealthSouth's accounting problems surfaced in late 2002 after CEO Richard M. Scrushy sold $75 million in stock several days before the company posted a large loss. HealthSouth was accused by the U.S. Securities and Exchange Commission (SEC) of an accounting scandal where the company's earnings were falsely inflated by $1.4 billion. In 1996, Scrushy allegedly instructed the company's senior officers and accountants to falsify company e… WebFormer executives of HealthSouth Corp., Birmingham, Ala., allegedly appropriated $561,728 of the company's money to pay for their or other executives' legal fees just days before pleading guilty to securities fraud. A HealthSouth spokesman said the company would seek repayment of the funds at a later date.
HealthSouth Audit Finds as Much as $4.6 Billion in Fraud
WebA criminal complaint was filed by the FBI against HealthSouth's chief financial officer, Weston Smith, and civil charges were brought against Scrushy by the SEC. [4] Scrushy … WebJan 26, 2012 · HealthSouth's former CEO Richard Scrushy was the first executive to be tried under the Sarbanes-Oxley Act for cooking the books, altering financial returns, at … frigidaire white refrigerator door handles
HealthSouth
WebDec 3, 2003 · On Nov. 4, 2003, an indictment was unsealed in Birmingham charging Richard M. Scrushy, a former chief executive officer and chairman of the board of HealthSouth, with 85 counts including conspiracy; mail, wire and securities fraud; false statements; false certifications and money laundering. WebApr 14, 2024 · In 2003, HealthSouth was accused of one the largest accounting fraud cases in healthcare history and those involved are still being tried today, nine years … WebMar 13, 2024 · HealthSouth Corporation is a top US publicly traded healthcare company based out of Birmingham, Alabama. In 2003, it was discovered that the company had … fbox thor