In an indictment dated October 29, 2003, former HealthSouth Corp. chief executive Richard Scrushy was charged with 85 criminal counts for a scheme that allegedly added $2.7 billion in fictitious income to the health-care company he founded.
Nonprofit Corporate Governance
In November, the Associated Press reported that HealthSouth's directors, outside auditors and investment bankers had been called to testify before Congress concerning why they failed to detect the massive conspiracy, allegedly led by chief executive Richard Scrushy, to overstate earnings of the one of the nation's largest providers of health care services. The case has already seen more than a dozen former executives of the HealthSouth Corp. plead guilty.
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