Healthsouth Accounting Scandal Summary

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From Wall Street to Prison: The HealthSouth Story - The University …

(7 days ago) WEBScandals at Enron, Tyco, and WorldCom pushed Congress to pass the Sarbanes-Oxley Act of July 2002, which mandated transparent financial reporting to protect investors from fraud. Scrushy abruptly sold $75 million in HealthSouth stock just as the legislation …

https://www.chicagobooth.edu/media-relations-and-communications/press-releases/From-Wall-Street-to-Prison-The-HealthSouth-Story

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SEC.gov HealthSouth Corporation and Richard M. Scrushy

(1 days ago) WEBSecurities and Exchange Commission v. HealthSouth Corporation and Richard M. Scrushy, CV-03-J-0615-S (N.D. Ala.) The Securities and Exchange Commission …

https://www.sec.gov/litigation/litreleases/lr-18044

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SEC Charges HealthSouth Corp. CEO Richard Scrushy With $1.4 …

(2 days ago) WEBWashington, D.C., March 19, 2003 -- The Securities and Exchange Commission today charged HealthSouth Corp., the nation's largest provider of outpatient surgery, …

https://www.sec.gov/news/press/2003-34.htm

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Complaint: Healthsouth Corporation and Richard M. Scrushy

(7 days ago) WEBHRC's stock is listed on the New York Stock Exchange and is actively traded under the symbol of HRC. Richard M. Scrushy, age 49, founded HRC and has served as its …

https://www.sec.gov/litigation/complaints/comphealths.htm

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Former HealthSouth CEO denies hiding millions amid …

(Just Now) WEBFILE - Former HealthSouth CEO Richard Scrushy leaves the federal building after he was convicted on six counts in a government corruption case in Montgomery, Ala. June 29, 2006. Scrushy, who once …

https://apnews.com/article/healthsouth-richard-scrushy-hidden-money-50ac64bd8529c76b5e48ea72ecb0d8bf

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Two CFOs Tell a Tale of Fraud at HealthSouth CFO

(7 days ago) WEBThe infamous $2.8 billion accounting scandal at HealthSouth, which was perpetrated from 1996 through 2002, left a trail of misery in its wake.Included in the carnage was the imprisonment of …

https://www.cfo.com/news/two-cfos-tell-a-tale-of-fraud-at-healthsouth/660542/

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Ex-HealthSouth CEO Richard Scrushy Found Not Guilty on All 36 …

(3 days ago) WEBFormer HealthSouth CEO and founder Richard Scrushy was found not guilty on 36 charges of fraud, false corporate reporting and making false statements …

https://www.pbs.org/newshour/show/ex-healthsouth-ceo-richard-scrushy-found-not-guilty-on-all-36-charges

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FIVE DEFENDANTS SENTENCED IN HEALTHSOUTH FRAUD CASE

(7 days ago) WEBThe five defendants, who all cooperated with the government’s investigation into accounting fraud at HealthSouth, admitted in their guilty pleas to conspiring with other …

https://www.justice.gov/archive/opa/pr/2003/December/03_crm_678.htm

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Scrushy acquitted of fraud at HealthSouth - Financial Times

(3 days ago) WEBRichard Scrushy was acquitted on all 36 charges, including conspiracy and securities fraud, after a four-month trial and 21 days of jury deliberations in Birmingham, …

https://www.ft.com/content/199574fa-e7ec-11d9-9786-00000e2511c8

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HealthSouth Audit Finds as Much as $4.6 Billion in Fraud

(4 days ago) WEBThe fraud included $2.5 billion in fraudulent accounting entries from 1996 to 2002, $500 million in incorrect accounting for goodwill and other items involved in …

https://www.nytimes.com/2004/01/21/business/healthsouth-audit-finds-as-much-as-4.6-billion-in-fraud.html

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Timeline of case against former HealthSouth CEO Scrushy

(4 days ago) WEBSignificant events in the development of HealthSouth Corp. and the fraud case against founder and former CEO Richard Scrushy: — 1984: Scrushy and a …

https://www.seattletimes.com/business/timeline-of-case-against-former-healthsouth-ceo-scrushy/

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HealthSouth: A Case Study in Corporate Fraud - Arxis Financial

(Just Now) WEBAs a result, he sent HealthSouth auditors a letter overstating Source Medical’s debt to HealthSouth by $20 Million. This was done to help HealthSouth document the ongoing …

https://www.arxisfinancial.com/images/pdfs/Fraud-Health_South_Case.pdf

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From the archives: Lessons learned after a multibillion-dollar fraud

(Just Now) WEBHosted by Neil Amato. June 28, 2022. Aaron Beam became a millionaire in the 1980s as a corporate CFO, but his story is a cautionary tale. In this episode of the podcast, Beam …

https://www.journalofaccountancy.com/podcast/cpa-news-from-archives-lessons-learned-after-multibillion-dollar-fraud.html

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SEC.gov Richard M. Scrushy

(1 days ago) WEBThe HealthSouth fraud resulted in one of the largest accounting restatements in American corporate history. The Final Judgment orders Scrushy to pay …

https://www.sec.gov/litigation/litreleases/lr-20084

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United State of America v. Richard M. Scrushy

(5 days ago) WEBCompensation of the Defendant. 4. From 1996 through 2002, defendant RICHARD M. SCRUSHY received approximately $267 million in compensation from HealthSouth, …

https://www.justice.gov/archive/dag/cftf/chargingdocs/scrushyindictment.pdf

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Court upholds $2.9B verdict in HealthSouth case

(4 days ago) WEBThe Alabama Supreme Court upheld a $2.9 billion judgment against imprisoned HealthSouth Corp. founder Richard Scrushy on Friday, rejecting claims that …

https://www.seattletimes.com/business/court-upholds-29b-verdict-in-healthsouth-case/

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HealthSouth Charged In $1.4B Fraud - CBS News

(2 days ago) WEBMarch 19, 2003 / 11:15 AM EST / AP. The government charged rehabilitation giant HealthSouth Corp. and chairman Richard Scrushy with civil accounting fraud …

https://www.cbsnews.com/news/healthsouth-charged-in-14b-fraud/

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Former HealthSouth CFO and whistleblower to share insider view …

(3 days ago) WEBWeston Smith. Weston Smith, former CFO turned whistleblower at health care giant HealthSouth, will deliver a talk at 5 p.m. Monday (April 14) in the Jordan …

https://news.nd.edu/news/healthsouth-former-cfo-and-whistleblower-to-share-insider-view-of-the-scandal/

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E&Y Settles HealthSouth Case for $109M CFO

(9 days ago) WEBThe SEC alleged that HealthSouth overstated earnings by $2.7 billion from 1999 to 2002 to meet Wall Street projections and boost its share price. Earlier in that …

https://www.cfo.com/news/ey-settles-healthsouth-case-for-109m/670203/

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SEC.gov Healthsouth Corporation et al.

(1 days ago) WEBaccounting and auditing enforcement release no. 2263 / june 23, 2005 securities and exchange commission v. healthsouth corporation et al., civil action no. cv …

https://www.sec.gov/litigation/litreleases/lr-19280

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HealthSouth Corp.: The First Test of Sarbanes-Oxley R. Loring …

(Just Now) WEBThe accounting fraud at HealthSouth was by any standard both enormous and complex. Its concealment over the course of nearly seven years required considerable effort and, …

http://web.nacva.com/JFIA/Issues/JFIA-2009-2_8.pdf

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Former HealthSouth CEO Denies Hiding Millions Amid Ongoing …

(4 days ago) WEBRob Carr. FILE - Former HealthSouth CEO Richard Scrushy leaves the federal building after he was convicted on six counts in a government corruption case in …

https://www.usnews.com/news/best-states/alabama/articles/2023-05-27/former-healthsouth-ceo-denies-hiding-millions-amid-ongoing-scandal

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