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Richard M Scrushy

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BUSINESS
June 30, 2005 | Thomas S. Mulligan, Times Staff Writer
It seems Richard M. Scrushy would rather fight than quit. Scrushy, who was acquitted on all charges related to the $2.7-billion accounting fraud at HealthSouth Corp., contends he was illegally fired as the company's chief executive and has hired a lawyer to pursue a possible case against its directors.
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BUSINESS
June 29, 2007 | From the Associated Press
Former Alabama Gov. Don Siegelman was sentenced to more than seven years in federal prison and former HealthSouth Chief Executive Richard Scrushy got nearly seven years Thursday in a bribery and corruption case that the judge said damaged public trust in state government. Siegelman was ordered to pay a fine of $50,000, plus $181,325 to a state agency where prosecutors said kickbacks were made.
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BUSINESS
July 10, 2005
Regarding "Scrushy Might Contest His Firing," June 30: So HealthSouth founder, "Christian" TV host, "Christian" philanthropist and sometime preacher Richard M. Scrushy is acquitted in his hometown of Birmingham, Ala. This self-styled "financial genius" walked away from court a free man ("I didn't know"), while his underlings will serve sentences for a $2.7-billion accounting fraud. Now, hypocrite Scrushy has the audacity to state that there are "a lot of wrongs that need to be made right," one of which is he wants his job back as chief executive to the very company he has -- at the very least -- terribly mismanaged.
BUSINESS
April 24, 2007 | From the Associated Press
Fired HealthSouth Corp. Chief Executive Richard Scrushy agreed to pay $81 million to settle a Securities and Exchange Commission lawsuit blaming him for a $2.7-billion accounting fraud at the healthcare services firm. The settlement was approved by a federal judge Monday. Scrushy admitted no wrongdoing but agreed to give up $77.5 million the government said he gained from the scheme. He agreed to pay an additional $3.5 million in civil penalties.
BUSINESS
May 9, 2003 | From Associated Press
A federal judge criticized the government's investigation of fraud allegations at HealthSouth Corp. as she gave ousted Chief Executive Richard M. Scrushy access to all his money and property. In a 64-page ruling, U.S. District Judge Inge Johnson said the government had "undoubtedly manipulated simultaneous criminal and civil proceedings" in its probe of accounting practices at the medical services company.
BUSINESS
June 4, 2005 | Thomas S. Mulligan, Times Staff Writer
Federal prosecutors Friday appeared on the verge of a serious setback in their landmark fraud case against Richard M. Scrushy, perhaps Alabama's best-known businessman, as jurors in Birmingham told the judge they were badly deadlocked on all charges. The case is important to the government because it is the first prosecution under the 2002 Sarbanes-Oxley corporate reform law, which made it a crime for an executive to falsely certify his company's financial reports.
BUSINESS
April 17, 2006 | Jay Reeves, The Associated Press
Ordained as a minister and acquitted in a $2.7-billion fraud, fired HealthSouth Chief Executive Richard Scrushy is done with the corporate boardroom. Now, he says, it's all about God. Scrushy has helped found a ministry he says is feeding starving children in Africa and is planning further missionary work. It also wants to build a Bible-based university and offer services including mortgages, insurance and healthcare, he says.
BUSINESS
November 10, 2003 | From Reuters
Former HealthSouth Corp. Chief Executive Richard Scrushy finalized his legal team to defend him against the federal government's charges that he deliberately inflated the company's earnings. Scrushy named Thomas Sjoblom and Abbe David Lowell of Chadbourne & Parke to defend him at trial. Donald Watkins, who was Scrushy's lead attorney, will remain a legal advisor.
BUSINESS
June 1, 2005 | From Reuters
An Alabama jury has agreed to work an extra hour each day to try to break an impasse in the corporate fraud trial of former HealthSouth Corp. Chief Executive Richard Scrushy, a federal court official said. The jury has been split on the main charge against Scrushy, who is accused by the U.S. government of directing a $2.7-billion accounting fraud at the medical rehabilitation firm. The jury has deliberated about 4 1/2 hours each day since getting the case May 19.
BUSINESS
June 9, 2005 | From Associated Press
Deadlocked jurors began a four-day weekend Wednesday after failing again to reach a verdict in the trial of HealthSouth Corp. founder and fired Chief Executive Richard Scrushy, accused of leading a $2.7-billion earnings overstatement. The jury, which has deliberated 12 days but has been impaneled since Jan. 25, won't return until Monday because at least two members had vacation trips that were paid in advance, court officials said.
BUSINESS
April 17, 2006 | Jay Reeves, The Associated Press
Ordained as a minister and acquitted in a $2.7-billion fraud, fired HealthSouth Chief Executive Richard Scrushy is done with the corporate boardroom. Now, he says, it's all about God. Scrushy has helped found a ministry he says is feeding starving children in Africa and is planning further missionary work. It also wants to build a Bible-based university and offer services including mortgages, insurance and healthcare, he says.
BUSINESS
February 9, 2006 | From Bloomberg News
HealthSouth Corp. founder Richard Scrushy won a delay from the Alabama Supreme Court, which ruled that he didn't have to pay a $47.8-million judgment against him that was due next week, Scrushy said in a statement. The high court's ruling didn't reverse a trial court decision last month to make Scrushy pay back bonuses that investors claimed he didn't deserve.
BUSINESS
January 5, 2006 | From Associated Press
HealthSouth Corp.'s ousted chief executive, Richard Scrushy, must repay more than $47 million in bonuses he received while running the medical rehabilitation chain amid a huge fraud, despite being acquitted in the scheme, a judge ruled. Combined with as much as $265 million in refunds the company is seeking from the federal government for taxes it paid on overstated income during the fraud, the court-ordered repayment could help shore up the finances of HealthSouth. Scrushy plans to appeal.
BUSINESS
August 19, 2005 | From Bloomberg News
A federal judge on Thursday rejected a request by HealthSouth Corp. founder Richard Scrushy to throw out a Securities and Exchange Commission lawsuit and instead told the agency to refile by Sept. 7. U.S. District Judge Inge Johnson issued the order after a closed-door conference in Birmingham, Ala. The SEC sued Scrushy in March 2003 after the discovery of a $2.7-billion accounting fraud at HealthSouth Corp., a major operator of rehabilitation hospitals.
BUSINESS
August 5, 2005 | From Bloomberg News
HealthSouth Corp. founder Richard Scrushy should face civil-fraud charges for his role in "one of the largest financial frauds in U.S. history," the Securities and Exchange Commission said Thursday in urging a judge to let the case proceed. The SEC's filing in federal court in Birmingham, Ala., called Scrushy "desperate" for asking last month that the lawsuit be dismissed because of the agency's collaboration with the Justice Department.
BUSINESS
July 21, 2005 | From Bloomberg News
Richard Scrushy, acquitted last month on charges that he led a $2.7-billion accounting fraud at HealthSouth Corp., turned over $17 million in cash to the company he helped found to satisfy a judgment by a Delaware court, his lawyer said Wednesday. The judgment stems from Scrushy's use of HealthSouth stock in 2002 to repay a $25.2-million company loan.
BUSINESS
April 27, 2005 | From Associated Press
Richard Scrushy's lawyers Tuesday launched their broadest attack yet on secretly made recordings that prosecutors say prove the fired HealthSouth Corp. chief executive was behind a massive accounting fraud. Testifying for the defense, audio expert Paul Ginsberg used the word "suspicious" to describe a gap in one recording and suggested that FBI agents decided on their own what conversations to record and to leave out.
BUSINESS
April 28, 2005 | From Times Wire Services
The judge at the accounting fraud trial of HealthSouth Corp. founder Richard Scrushy dismissed a juror because of unidentified "external events." U.S. District Judge Karon Bowdre dismissed the panelist after saying the events "could raise questions" about the juror. Sixteen of the original 18 jurors and alternates remain at the trial. Scrushy, 52, denies charges of inflating profit by $2.7 billion, laundering money and obstructing justice.
BUSINESS
July 10, 2005
Regarding "Scrushy Might Contest His Firing," June 30: So HealthSouth founder, "Christian" TV host, "Christian" philanthropist and sometime preacher Richard M. Scrushy is acquitted in his hometown of Birmingham, Ala. This self-styled "financial genius" walked away from court a free man ("I didn't know"), while his underlings will serve sentences for a $2.7-billion accounting fraud. Now, hypocrite Scrushy has the audacity to state that there are "a lot of wrongs that need to be made right," one of which is he wants his job back as chief executive to the very company he has -- at the very least -- terribly mismanaged.
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