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Richard Scrushy news from FierceHealthcare
News
Prosecutors fight to uphold Scrushy bribery conviction
HealthSouth, surgeons settle kickback case for $15M
HealthSouth shows more healthy numbers
HealthSouth gets back $440 million from IRS
HealthSouth's Scrushy going to jail
It's the end of the line for high-profile healthcare exec Richard Scrushy, who was sentenced to almost seven years in prison yesterday for his conviction on federal bribery charges. Scrushy, who now runs a church out of a television studio, continues to deny wrongdoing.
Unlike peers involved in similar scandals at Enron, WorldCom and Tyco, Scrushy actually managed to …
... Read more...HealthSouth founder settles with SEC for $81M
This could be the final chapter in the convoluted legal troubles of HealthSouth founder Richard Scrushy. Scrushy has settled with the Securities and Exchange Commission in a suit resulting from a investigation of his role in the firm's $2.7 billion accounting fraud. The SEC suit asserted that Scrushy ordered executives to cook the books at HealthSouth when earnings were shaky. The now-notorious …
... Read more...Scrushy faces prison as judge rejects retrial request
HealthSouth founder Richard Scrushy (photo) has lost his bid for a new trial on political corruption charges unrelated to the $2.7 billion accounting fraud problem. Both Scrushy and former Alabama Governor Don Siegelman had been found guilty in June of taking part in a bribery scandal, on charges, including conspiracy and mail fraud, …
... Read more...Federal fraud program nabs $1.47B
Last year was a good year for federal healthcare fraud investigators, who expect to recover a total of $1.47 billion from fraud cases filed in fiscal 2005, according to a report in political newspaper The Hill. Working under the auspices of the federal Health Care Fraud and Abuse Control Program, which began in 1997, the Office of the Inspector General, Department of Justice and Department of Health and Human Services have recovered a total of $8.85 billion to date, according to …
... Read more...HealthSouth to repay some of Scrushy's legal fees
A year ago, former HealthSouth exec Richard Scrushy was acquitted of charges related to the spectacular $2.7 billion accounting fraud that brought the chain of rehabilitation hospitals down. In the process of his defense, Richard Scrushy accrued $32 million in legal charges. An arbitrator has determined that HealthSouth must pay $17 million in legal fees that Scrushy amassed in the course of his defense. It's a hefty reward, but only fixes some of his problems. As a result of accounting …
... Read more...Scrushy ordered to repay $51.5M
Last year former HealthSouth CEO Richard Scrushy avoided a conviction related to HealthSouth's $2.64 billion fraud scandal. But as a result of the accounting irregularities, Scrushy walked off with $47.8 million in bonus payments. Now the Alabama Supreme Court has upheld an order requiring him to repay the company $51.5 million--the bonus payment plus interest totaling $15,500 a day. In their opinion, the Court stated, "Scrushy was unjustly enriched by the payment of the bonuses, which …
... Read more...Get more Richard Scrushy coverage at:
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