Healthsouth Scandal Summary
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From Wall Street to Prison: The HealthSouth Story - The …
(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 …
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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 announced that on March 19, 2003, it filed accounting fraud charges in federal district court in the Northern District of Alabama against HealthSouth Corporation ("HRC"), the nation's …
https://www.sec.gov/litigation/litreleases/lr-18044
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SEC Charges HealthSouth Corp. CEO Richard Scrushy …
(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, diagnostic and rehabilitative healthcare services, and its Chief Executive Officer and Chairman Richard M. Scrushy with a massive accounting fraud. The Commission's complaint, filed in
https://www.sec.gov/news/press/2003-34.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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Ex-HealthSouth CEO Richard Scrushy Found Not Guilty on …
(3 days ago) WEBJun 28, 2005 12:00 AM EDT. Former HealthSouth CEO and founder Richard Scrushy was found not guilty on 36 charges of fraud, false corporate reporting and making false statements related to the $2.7
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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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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 small group of investors form HealthSouth
https://www.seattletimes.com/business/timeline-of-case-against-former-healthsouth-ceo-scrushy/
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FIVE DEFENDANTS SENTENCED IN HEALTHSOUTH …
(7 days ago) WEBWASHINGTON, D.C. - Five defendants were sentenced by a federal judge in Birmingham, Alabama, today for their admitted roles in a scheme to inflate the revenues and reported earnings of HealthSouth Corporation, the nation’s largest provider of outpatient surgery, diagnostic imaging and rehabilitative services. U.S. District Court Judge Inge P
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, Alabama, where the company he
https://www.ft.com/content/199574fa-e7ec-11d9-9786-00000e2511c8
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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 he shouldn’t have to pay for the fraud that
https://www.seattletimes.com/business/court-upholds-29b-verdict-in-healthsouth-case/
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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, including more than $7.5 million in base salary, more than $53 million in bonuses, and stock options valued at more than $206 million when exercised.
https://www.justice.gov/archive/dag/cftf/chargingdocs/scrushyindictment.pdf
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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 fraud with false justification. Mr. Livesay was sentenced to 8 …
https://www.arxisfinancial.com/images/pdfs/Fraud-Health_South_Case.pdf
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Richard Scrushy - Wikipedia
(5 days ago) WEBRichard Marin Scrushy (born August 1952) is an American businessman and convicted felon.He is the founder of HealthSouth Corporation, a global healthcare company based in Birmingham, Alabama. In 2004, following an investigation by the Federal Bureau of Investigation (FBI), Scrushy was criminally charged by the U.S. Securities and …
https://en.wikipedia.org/wiki/Richard_Scrushy
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HealthSouth Fraud - CNBC
(4 days ago) WEBPosted 22 Jan 2009. Richard Marin Scrushy is the Superstar CEO of HealthSouth, a huge provider of outpatient rehab services. But, the billionaire falls from grace after federal prosecutors accuse
https://www.cnbc.com/2009/01/05/HealthSouth-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 $81,000,000, comprised of $3,500,000 in civil penalties and $77,500,000 in disgorgement, with the disgorgement amount subject to an offset for any amounts paid in judgments or …
https://www.sec.gov/litigation/litreleases/lr-20084
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HealthSouth Audit Finds as Much as $4.6 Billion in Fraud
(4 days ago) WEBHealthSouth Corp says forensic audit by PricewaterhouseCoopers found additional fraudulent entries to raise total to range of $3.8 billion to $4.6 billion, up from $3.5 billion, government's
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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 Auditorium at the University of Notre Dame’s Mendoza College of Business.The event is free and open to the public. Today, HealthSouth is one of the nation’s largest health care providers …
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HealthSouth Corporation - The New York Times
(1 days ago) WEBGuilty Plea From Ex-HealthSouth Exec. A former HealthSouth executive, Malcolm E. McVay, pleaded guilty Monday to making illegally structured bank deposits 10 months after being resentenced to
https://www.nytimes.com/topic/company/healthsouth-corporation
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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, in some cases, luck. For all its size and complexity, Extracted from the “Summary of Conclusions” Report of the Special Audit Review Committee of the Board of
http://web.nacva.com/JFIA/Issues/JFIA-2009-2_8.pdf
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SEC.gov Healthsouth Corporation et al.
(1 days ago) WEBACCOUNTING FRAUD. On June 22, 2005, the Honorable Inge Prytz Johnson, United States District Judge for the Northern District of Alabama, entered a final judgment against HealthSouth Corporation, enjoining it from violating Section 17 (a) of the Securities Act of 1933 and Sections 10 (b), 13 (a), 13 (b) (2) (A) and 13 (b) (2) (B) of the
https://www.sec.gov/litigation/litreleases/lr-19280
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HealthSouth Settles Fraud Case Over Medicare Billings With …
(4 days ago) WEBHealthSouth has been facing an investigation by the federal government for an alleged $2.7 billion in accounting fraud committed between 1996 and 2002. The settlement was made in a lawsuit filed under the False Claims Act by patient James Devage in federal court in Texas in 1998. a summary of health policy coverage from major news
https://kffhealthnews.org/morning-breakout/dr00027444/
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Encompass Health - Wikipedia
(6 days ago) WEBIn 2009, Scrushy was sued for fraud by HealthSouth investors and ordered to repay his company $2.8 billion. Recovery and the new HealthSouth/Encompass Health. Following the raid at the company's corporate headquarters, the board of directors held an emergency meeting to discuss changes moving forward. One of the first actions was the
https://en.wikipedia.org/wiki/Encompass_Health
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