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Richard M Scrushy

BUSINESS
February 2, 2005 | From Associated Press
Fired HealthSouth Corp. Chief Executive Richard Scrushy actively orchestrated and participated in a scheme to overstate earnings at the rehabilitation giant, a former finance chief testified Tuesday. Bill Owens, who served as HealthSouth's chief financial officer and secretly recorded talks with Scrushy for the FBI in 2003, painted his onetime boss as a micromanager who oversaw everything from major acquisitions to who parked where at headquarters.
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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
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
May 25, 2005 | From Associated Press
Jurors in the corporate fraud trial of fired HealthSouth Corp. Chief Executive Richard Scrushy told the judge Tuesday that they couldn't reach a verdict and needed an explanation "in layman terms" of a key conspiracy count. In messages to U.S. District Judge Karon Bowdre on the fourth day of deliberations, the jury said her instructions seemed contradictory regarding the conspiracy count, which encompasses allegations of fraud, false corporate reporting and false statements to regulators.
BUSINESS
December 16, 2005 | From Bloomberg News
HealthSouth Corp. founder Richard Scrushy, who was cleared of orchestrating a $2.7-billion fraud at the company, sued HealthSouth for $70 million that he said he was owed in severance pay and bonuses. The lawsuit filed in Jefferson County, Ala., says that under a 2002 employment agreement, Scrushy is entitled to the pay after being acquitted in June of accounting fraud charges, Scrushy spokesman Charlie Russell said. Scrushy was fired from the company in March 2003 and quit the board Dec.
BUSINESS
May 16, 2005 | From Times Wire Services
For all the dozens of witnesses who testified for and against Richard Scrushy during his fraud trial, the fate of the fired HealthSouth Corp. chief executive may hang on whether jurors believe just a handful. Prosecutors built their case around five former HealthSouth finance chiefs who pleaded guilty to participating in a $2.7-billion fraud and who all -- with varying degrees of detail -- told jurors that Scrushy was in deep too. One of them, Bill Owens, even wore a wire for the FBI.
BUSINESS
March 11, 2004 | From Associated Press
Fired HealthSouth Corp. Chief Executive Richard Scrushy filed a complaint accusing prosecutors of misconduct in the probe that led to federal fraud charges against him in connection with a massive accounting scandal. Attorneys for Scrushy said prosecutors and investigators withheld evidence showing Scrushy's innocence during a hearing last year, including comments he made during a conversation secretly recorded by a former HealthSouth financial chief. The complaint was filed against U.S. Atty.
BUSINESS
June 23, 2005 | From Associated Press
A judge scuttled a month of unproductive deliberations in the fraud trial of fired HealthSouth Corp. Chief Executive Richard Scrushy on Wednesday as she dismissed a sick juror and ordered the panel to begin work anew with an alternate. Citing a juror's "recurring health problems" that have become worse as days of deliberations turned into weeks, U.S. District Judge Karon Bowdre replaced one male juror with another and instructed the panel members to "start from scratch" with their talks.
BUSINESS
April 14, 2005 | From Bloomberg News
A federal judge who dismissed perjury charges against HealthSouth Corp. founder Richard Scrushy said she did so because the Securities and Exchange Commission engaged in "cloak and dagger activities" that violated his rights. U.S. District Judge Karon Bowdre in Birmingham, Ala., ruled that the SEC and Justice Department prosecutors improperly merged their civil and criminal investigations of HealthSouth's accounting on March 12, 2003.
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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