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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