Jury acquits Scrushy on all counts in HealthSouth fraud - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Jury acquits Scrushy on all counts in HealthSouth fraud

BIRMINGHAM, Ala. (AP) _ Jurors acquitted HealthSouth Corp. founder and fired Chief Executive Richard Scrushy on Tuesday of all charges related to a $2.7 billion earnings overstatement at the rehabilitation and medical services chain.

Scrushy had been charged with fraud, false corporate reporting and making false statements to regulators. He was the first CEO charged under the Sarbanes-Oxley corporate reporting law.

Scrushy blamed the massive accounting scheme on subordinates including all five finance chiefs who served under him at HealthSouth.

In all, 15 former HealthSouth executives have pleaded guilty since 2003, when the scandal erupted publicly and drove the company to the brink of bankruptcy.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.