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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 discusses his tenure at HealthSouth, the fraud that occurred, and the advice he has for …

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

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Two CFOs Tell a Tale of Fraud at HealthSouth CFO

(7 days ago) WEBTwo CFOs Tell a Tale of Fraud at HealthSouth. The infamous $2.8 billion accounting scandal at HealthSouth, which was perpetrated from 1996 through 2002, left a trail of misery in its wake. …

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

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Former HealthSouth CFO warns of the dangers of an …

(5 days ago) WEBCommitting fraud, said the former CFO, had consequences he couldn’t and didn’t foresee. It nearly destroyed him emotionally, which is why he retired to everyone’s …

https://www.healthcarefinancenews.com/news/former-healthsouth-cfo-warns-dangers-ethics-meltdown

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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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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 …

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

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Complaint: Healthsouth Corporation and Richard M.

(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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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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Former HealthSouth boss found liable for $2.9 billion Reuters

(6 days ago) WEBFormer HealthSouth Corp boss Richard Scrushy was ordered to pay $2.9 billion on Thursday after a judge found him responsible for an accounting fraud that …

https://www.reuters.com/article/idUSTRE55H4IP/

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

(7 days ago) WEBThe story of HealthSouth in the 1990s and early 2000s is about a corporate network of rehabilitation hospitals that skyrocketed up Wall Street and then plunged off a cliff. It’s a …

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

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Did Auditor, Regulators Ignore HealthSouth Warning? CFO

(2 days ago) WEBHealthSouth’s auditors—and maybe even government regulators—were tipped off to a possible massive accounting fraud at the company five years ago. Or at …

https://www.cfo.com/news/did-auditor-regulators-ignore-healthsouth-warning/680932/

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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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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 …

https://kffhealthnews.org/morning-breakout/dr00027444/

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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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HealthSouth fraud larger than estimated - NBC News

(8 days ago) WEBJan. 21, 2004, 4:42 AM PST / Source: Reuters. HealthSouth Corp. said Tuesday its massive accounting fraud was much larger than earlier estimates and may have …

https://www.nbcnews.com/id/wbna4016152

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A Hard Lesson in Ethics: Weston Smith on the Perils of Accounting …

(3 days ago) WEBHow does a $40,000 shortfall cover-up fester into a $3 billion accounting fraud? According to Weston Smith, the former CFO of HealthSouth, it comes down to …

https://experience.mcintire.virginia.edu/news/weston-smith-on-the-perils-of-accounting-fraud/

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Office of Public Affairs - United States Department of Justice

(9 days ago) WEBEncompass Health Corporation (formerly known as HealthSouth Corporation), the nation’s largest operator of inpatient rehabilitation facilities (IRFs), has …

https://www.justice.gov/opa/pr/encompass-health-agrees-pay-48-million-resolve-false-claims-act-allegations-relating-its

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Southern Company Racketeering Worse Than HealthSouth …

(2 days ago) WEBThe $2.7 billion accounting fraud scheme carried out by HealthSouth executives was very bad, but it pales in comparison to the long-running, multi-state, …

https://www.donaldwatkins.com/post/southern-company-racketeering-worse-than-healthsouth-accounting-fraud-scandal

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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 …

https://www.nytimes.com/topic/company/healthsouth-corporation

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HealthSouth Countersues Ernst & Young CFO

(8 days ago) WEBPublished April 7, 2005. By Stephen Taub. HealthSouth Corp. is suing its former auditor, Ernst & Young, for breach of contract and negligence for failing to uncover the …

https://www.cfo.com/news/healthsouth-countersues-ernst-young/678561/

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Encompass Health - Wikipedia

(6 days ago) WEBThe 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 …

https://en.wikipedia.org/wiki/Encompass_Health

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Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit …

(8 days ago) WEBIn recent months, he has been ordered to pay $83.3 million in a defamation case and another $454 million in a civil fraud case brought by the New York attorney …

https://www.nytimes.com/2024/05/11/us/trump-taxes-audit-chicago.html

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