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- United State of America v. Richard M. Scrushy
HealthSouth was organized as a corporation under the laws of the State of Delaware in 1984, and headquartered in Birmingham, Alabama It was founded by defendant RICHARD M SCRUSHY and four other persons
- The HealthSouth Scandal - South Mountain Community College
Leading supplier of outpatient surgery, rehabilitation, and diagnostic imaging services, HealthSouth, was on the verge of bankruptcy as a result of a complex accounting scam that CEO Richard Scrushy masterminded
- Microsoft Word - Fraud - HealthSouth case. doc
HealthSouth 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
- THE FINANCIAL COLLAPSE OF HEALTHSOUTH Part 1
As a U S Attorney said in a recent press release, ‘‘HealthSouth does not represent a mere accounting fraud, but rather a business scheme to fraudulent boost HealthSouth’s reported earnings ’’
- Microsoft Word - 2009v1n2a8. docx - NACVA
These improper accounting entries, made for the purpose of inflating HealthSouth’s earnings, took two principal forms: (1) exaggeration of reported revenue, primarily through reductions to contractual adjustment accounts, and (2) failure to properly characterize and record operating expenses
- CBS 42
Court found that Plaintiffs are the victims of a massive financial reporting fraud perpetrated by Mr Scrushy as the Chairman and CEO of HealthSouth Con)oration
- Going South: Lessons Learned From the HealthSouth Fraud (GS)
In this chapter, Weston discusses the four stages of how the fraud scheme evolved at HealthSouth The chapter also discusses the two main tactics the company used to inflate earnings – exaggerated revenues and improper capitalization of operating expenses 2
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