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HealthSouth: A Case Study in Corporate Fraud - Arxis Financial

(9 days ago) WEBHealthSouth was one of several publicly-held companies that made that transition. What follows is a brief overview of one of the largest corporate frauds in the history of the United States. This is not designed to be a detailed look at the fraud but instead will be an overview of the people behind the fraud story of HealthSouth.

http://www.arxisfinancial.com/images/pdfs/Fraud-Health_South_Case.pdf

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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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The HealthSouth Scandal

(4 days ago) WEBThe early 2000s HealthSouth incident is a sobering reminder of the vulnerability of seemingly stable business institutions. HealthSouth Corporation, which was formerly admired for its contributions to the healthcare sector, was caught up in a web of financial fraud that startled investors and had an impact on the whole business community.

https://images.southmountaincc.edu/WebImages/cdn/hs/f-23/Koble-Brandon.pdf

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HealthSouth Corp.: The First Test of Sarbanes-Oxley R. Loring …

(Just Now) WEBHS announces a Medicare ruling will reduce claims for outpatient therapy reimbursements, reducing earnings by as much as $175 million. To counteract this, the company planned a spin-off of its surgery center division into a new publicly traded company. Scrushy would serve as Chair of the board of the new company.

http://web.nacva.com/JFIA/Issues/JFIA-2009-2_8.pdf

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Two CFOs Tell a Tale of Fraud at HealthSouth CFO

(7 days ago) WEBHealthSouth started out offering outpatient medical-care facilities but quickly segued to owning and operating rehabilitation hospitals, which is still the company’s main business today. Success came fast, …

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

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HealthSouth and Chief Charged With Fraud - The New York Times

(9 days ago) WEBHealthSouth's most recent reports filed with the S.E.C. "continue to reflect the fraudulent numbers," the complaint states. Earlier this month, the company said it lost $406 million in the fourth

https://www.nytimes.com/2003/03/19/business/healthsouth-and-chief-charged-with-fraud.html

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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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HealthSouth Case - Marquette University

(Just Now) WEBHealthSouth. 1. A complete overview of the HeathSouth scandal. It bases the overview on the following parameters –chronology, accounting, relationships, medpartners, auditors and bankers, medicare fraud, care and culture. 2. News story of Richard Scrushy indictment.

https://www.marquette.edu/bizethics/cases%20folder/HealthSouthCase.htm

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(PDF) Healthsouth Corporation: The First Case Against …

(6 days ago) WEBHealthSouth Corp., one of the nation’s lar gest healthcare providers, was the first company charged under. the provisions of the Sarbanes- Oxley Act. HealthSouth’s CEO, Richard Scrushy, and

https://www.researchgate.net/publication/298328015_Healthsouth_Corporation_The_First_Case_Against_A_Company_Under_The_Sarbanes-Oxley_Act

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HealthSouth: The Wagon to Disaster - Aaron Beam - Google Books

(9 days ago) WEB"The Wagon to Disaster, told by co-founder and former CFO Aaron Beam, is the untold story of HealthSouth, one of America's most successful health care companies and consequently, the perpetrator of one of its biggest frauds in history Beam takes the reader from HealthSouth's humble beginnings, through its meteoric rise and to its …

https://books.google.com/books/about/HealthSouth.html?id=Zo_scQAACAAJ

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Court upholds $2.9B verdict in HealthSouth case

(4 days ago) WEBShare story. The 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

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

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FIVE DEFENDANTS SENTENCED IN HEALTHSOUTH FRAUD CASE

(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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SEARCHING FOR THE RED FLAGS EXPERT DETAILS …

(2 days ago) WEBOne example: HealthSouth reported net income rose almost 400 percent from 1999 to 2000, yet cash on hand increased only 40 percent. "The old story is follow the money," said Greene, a partner at McGovern & Greene LLP. "Was cash really tracking earnings?" Greene also noted HealthSouth reported a $342 million adjustment in 1999 …

http://www.forensic-cpas.net/assets/pdf/4-6redflagsarticle.pdf

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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 accounting scheme at

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

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Going South: Lessons Learned From the HealthSouth Fraud (GS)

(3 days ago) WEB20. Judge Allwin E. Horn ruled in favor of the HealthSouth shareholders and determined that Scrushy was responsible for HealthSouth’s fraud and ordered him to pay $2.87 billion. a. True b. False The Story Matters! This e-case offers an innovative method to teach several important concepts to both undergraduate and graduate business students.

https://helios.remote-learner.net/pluginfile.php/46994/mod_resource/content/3/Going%20South%20Teaching%20Note.pdf

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HealthSouth says it will settle case on medical fraud

(2 days ago) WEBHealthSouth, based in Birmingham, Ala., is the nation’s largest provider of medical rehabilitation services and has been struggling to emerge from a criminal investigation into an alleged

https://www.seattletimes.com/business/healthsouth-says-it-will-settle-case-on-medical-fraud/

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HealthSouth's Legal Problems Ripple Across Its Hometown

(4 days ago) WEBHealthSouth easily defeated its critics, and the bill allowing the company to bypass the state's permit laws was signed into law in September 2001. Not even the Sept. 11 attacks could derail the bill.

https://www.nytimes.com/2003/04/02/business/healthsouth-s-legal-problems-ripple-across-its-hometown.html

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AUTHOR OF HealthSouth: The Wagon to Disaster

(5 days ago) WEB“HealthSouth: The Wagon to Disaster” about how unethical practices within a company can lead to broken laws and broken people. eam’s book details his highly personal story, and lessons in ethics that he speaks on with authority from experience. eam is currently writing his second book, focused on achieving

https://cdn.evbuc.com/eventlogos/72076859/beambio-1.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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About HealthSouth - Clearwater

(9 days ago) WEBHealthSouth can be found on the Web at www.healthsouth.com. Facilities and Services As of March 31, 2017, HealthSouth’s network included 123 inpatient rehabilitation hospitals across 30 states (plus Puerto Rico); and 193 home health locations and 35 hospice locations across 25 states. In 2016, HealthSouth hospitals’ inpatient rehabilitation

https://clearwatercompliance.com/wp-content/uploads/2017/08/HealthSouth-Success-Story.pdf

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Encompass Health - Wikipedia

(6 days ago) WEBUS$ 4.605 billion (2019) Number of employees. 43,400 [citation needed] (2019) Website. encompasshealth .com. Encompass Health Corporation, based in Birmingham, Alabama, is one of the United States' largest providers of post-acute healthcare services, offering both facility-based and home-based post-acute services in 36 states and Puerto Rico

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

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Healthsouth: The Wagon to Disaster : Chris Warner Aaron Beam : …

(2 days ago) WEBHealthsouth: The Wagon to Disaster by Chris Warner Aaron Beam. Publication date 2011-01-01 Publisher Wagon Publishing Collection inlibrary; printdisabled; internetarchivebooks Pdf_module_version 0.0.20 Ppi 360 Rcs_key 24143 Republisher_date 20230206214030 Republisher_operator associate-lyn …

https://archive.org/details/healthsouthwagon0000chri

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Justice Department says Garland can't be held in contempt by …

(4 days ago) WEBThe Justice Department also pushed back on House Republicans' plan to hold Garland in contempt over the matter. . "It is the longstanding position of the executive branch held by administrations

https://www.npr.org/2024/05/16/1251759154/garland-house-contempt

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An expert's takeaways from day 1 of Michael Cohen's testimony

(1 days ago) WEBNPR's Ailsa Chang talks with author and attorney Andrew Weissman about former President Trump's hush money trial in New York and the testimony of Michael Cohen, Donald Trump's former fixer and lawyer.

https://www.npr.org/2024/05/13/1251075119/an-experts-takeaways-from-day-1-of-michael-cohens-testimony

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AT&T, AST SpaceMobile Announce Commercial Agreement

(4 days ago) WEBAT&T and AST SpaceMobile announce a commercial agreement to provide their first space-based broadband network direct to everyday cell phones. The two companies have been on this path together since 2018. This agreement is another key step to providing even more expansive connectivity. AT&T* and AST SpaceMobile have …

https://about.att.com/story/2024/ast-spacemobile-commercial-agreement.html

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Daily Pilot e-newspaper: Thursday, May 16, 2024

(8 days ago) WEBDaily Pilot e-newspaper for May 16, 2024.pdf. Thank you for reading. Thursday’s coverage includes these stories: A1. Judge hears arguments in Pacific Airshow settlement case;

https://www.latimes.com/socal/daily-pilot/news/story/2024-05-16/daily-pilot-e-newspaper-thursday-may-16-2024

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Michael Cohen testifies in New York criminal trial against Trump : …

(7 days ago) WEBA former Trump doorman was paid $30,000 to keep quiet about the child out-of-wedlock story, Cohen said, and Cohen reviewed the agreement. Then he testified about purchasing McDougal's story.

https://www.npr.org/2024/05/13/1250844236/trump-trial-michael-cohen

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Here’s Official Green Bay Packers Schedule for 2024 - Sports …

(5 days ago) WEBGREEN BAY, Wis. – The Green Bay Packers will start the 2024 NFL season in novel fashion and end it in a familiar way. The NFL unveiled the schedule for the upcoming season on Wednesday night.

https://www.si.com/nfl/packers/here-s-official-green-bay-packers-schedule-for-2024-01hxz2303z74

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'Bridgerton' Season 3 review: A one-woman show (with more sex)

(8 days ago) WEBBut three seasons in, it's clear that "Bridgerton" will never recreate the magic of its first, which had all the right amounts of love, sex, intrigue, duels, honor and shirtless men to create a

https://www.usatoday.com/story/entertainment/tv/2024/05/16/bridgerton-season-3-review/73639273007/

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Chuck Schumer and bipartisan group of senators unveil plan to

(7 days ago) WEBFederal legislation to govern artificial intelligence took another step closer to reality on Wednesday as Senate Majority Leader Chuck Schumer, along with a bipartisan trio of senators, announced

https://www.cnn.com/2024/05/15/tech/schumer-ai-framework/index.html

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Trump lawyers don’t rattle Michael Cohen and more hush money …

(4 days ago) WEBTrump Trials: Texts, lies and other takeaways from Michael Cohen’s cross-examination. Defense lawyers didn’t quite rattle the prosecution’s star witness when they questioned him all day

https://www.washingtonpost.com/politics/2024/05/16/trump-trial-takeaways-hush-money/

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