Monday, June 29, 2009
Richard Scrushy, Former HealthSouth Exec, Ordered To Pay $2.9 Billion
Richard Marin Scrushy, 56, currently serving a 7 year sentence for bribery, was ordered last week by an Alabama court to pay $2.88 billion to investors of Birmingham, Alabama-based HealthSouth Corporation, the rehabilitation company he ran as Chairman & CEO. Scrushy and the company was the subject of a massive accounting fraud investigation. In the order issued Thursday, the Judge stated that Scrushy "knew of and participated in" the faked reports filed with regulators from 1996 to 2002.