How Was Healthsouth Fraud Discovered

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From Wall Street to Prison: The HealthSouth …

(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 story about sketchy ethics, tyrannical leadership, and crossing the line so often that …

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

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Anatomy of a Financial Fraud - The CPA Journal

(7 days ago) WEBAnatomy of a Financial Fraud. A forensic audit conducted by Pricewater- houseCoopers concluded that HealthSouth Corporation’s cumulative earnings were overstated by …

http://archives.cpajournal.com/printversions/cpaj/2004/1004/p44.htm

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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 …

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

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Former HealthSouth CEO denies hiding millions amid ongoing …

(Just Now) WEBPublished 12:59 PM PDT, May 27, 2023. BIRMINGHAM, Ala. (AP) — The man who once led HealthSouth, a huge provider of outpatient rehab services, has been ordered to turn …

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

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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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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 …

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

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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, …

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

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Ex-HealthSouth CEO Richard Scrushy Found Not Guilty on …

(3 days ago) WEBRichard Scrushy was found not guilty of directing an accounting fraud at HealthSouth, a chain of rehabilitation hospitals he founded 20 years ago. Fifteen former executives …

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

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Scrushy acquitted of fraud at HealthSouth - Financial Times

(3 days ago) WEBJurors appeared to have accepted the defence’s argument that the fraud was committed in HealthSouth’s finance department without Mr Scrushy’s knowledge - even though five …

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

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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 …

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

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HealthSouth founder Richard Scrushy acquitted of all charges

(2 days ago) WEBRichard Scrushy, the first CEO to face charges under the Sarbanes-Oxley Act, was acquitted Tuesday of all charges relating to the $2.7-billion US fraud at HealthSouth …

https://www.cbc.ca/news/business/healthsouth-founder-richard-scrushy-acquitted-of-all-charges-1.543694

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HealthSouth Founder Acquitted of All Counts of Corporate Fraud

(1 days ago) WEBJune 28, 2005. A federal jury in Birmingham, Ala., today acquitted Richard M. Scrushy, the charismatic founder of the HealthSouth Corporation, of masterminding a $2.7 billion …

https://www.nytimes.com/2005/06/28/business/healthsouth-founder-acquitted-of-all-counts-of-corporate-fraud.html

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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 …

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

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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 …

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

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Former HealthSouth CFO discusses fallout from multi-billion dollar

(2 days ago) WEBOn November 30, 2016, University of Colorado Denver students learned about the very serious repercussions that come with financial fraud. Nearly 130 students, faculty and …

https://business-news.ucdenver.edu/2016/12/09/former-healthsouth-cfo-discusses-fallout-multi-billion-dollar-fraud-scandal/

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Former HealthSouth CFO and whistleblower to share insider view …

(3 days ago) WEBSmith, credited with being the first-ever whistleblower to warn federal investigators, had a front-row seat to HealthSouth’s meteoric rise and plummet, and was eventually …

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

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HealthSouth Audit Finds as Much as $4.6 Billion in Fraud

(4 days ago) WEBHealthSouth said a forensic audit by PricewaterhouseCoopers found additional fraudulent entries to raise the total to a range of $3.8 billion to $4.6 billion, up from $3.5 billion, the …

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

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Two CFOs Tell a Tale of Fraud at HealthSouth CFO

(7 days ago) WEBTwo of the finance chiefs — Aaron Beam, a HealthSouth co-founder and its CFO from January 1984 through September 1997, and Weston Smith, who blew the whistle on the …

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

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Richard Scrushy 'Devastated' by Netflix's 'Trial By Media' Episode

(8 days ago) WEBThe fourth episode focused on Richard Scrushy, founder of HealthSouth Corporation, who was charged with 36 of 85 counts of accounting fraud in 2004. It was one of the biggest …

https://www.newsweek.com/richard-scrushy-devastated-netflixs-trial-media-episode-about-him-1506509

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HealthSouth Charged In $1.4B Fraud - CBS News

(2 days ago) WEBThe government charged rehabilitation giant HealthSouth Corp. and chairman Richard Scrushy with civil accounting fraud Wednesday, accusing the company of overstating …

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

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HealthSouth, Inc.: A Case of Corporate Fraud

(9 days ago) WEBDespite these multiple, specific warnings about the fraud at HealthSouth, E&Y still failed to bring the fraud to light. It took a former HealthSouth CFO to come forward with …

https://stakeholder11.wordpress.com/2014/11/24/healthsouth-inc-a-case-of-corporate-fraud/

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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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