What is Richard Scrushy worth?
What is Richard Scrushy worth?
On June 18, 2009, Judge Allwin E. Horn ruled that Scrushy was responsible for HealthSouth’s fraud, and ordered him to pay $2.87 billion….
| Richard Scrushy | |
|---|---|
| Criminal status | released from prison |
| Spouse(s) | Debbie Cody (197?–197?) Karon Brooks (1978–1996) Leslie Anne Jones (1997–present) |
What does Richard Scrushy do now?
After serving about five years of his sentence, Scrushy was released from prison. He now lives in Houston and works as a small-business consultant.
What did Richard Scrushy go to jail for?
mail fraud
But his success was short-lived: just four months later, he was indicted on separate federal charges of bribery and mail fraud. Scrushy was found guilty in 2006 and sentenced to six years and 10 months in federal prison, as well as fined $150,000 and ordered to pay $267,000 in restitution to the United Way of Alabama.
Where is Aaron Beam now?
Loxley, Alabama
Aaron Beam was a founder and the first Chief Financial Officer of Healthsouth from 1984 until 1997. Today he lives in Loxley, Alabama with his wife of 44 years, Phyllis. In 1996 he took part in the accounting fraud at Healthsouth.
How much has Richard Scrushy paid back?
An Alabama state judge found Scrushy, who is an ordained minister, liable for fraud in a civil, non-jury trial in 2009 and ordered him to pay HealthSouth $2.88 billion. HealthSouth said less than $100 million has been repaid. It firmly opposes lifting the SEC ban.
Where is Weston Smith now?
Weston eventually voluntarily exposed the fraud, and accepted the consequences of his former actions. Today, in addition to working as an accountant for small businesses, Mr. Smith is a guest lecturer with an emphasis on fraud prevention and ethical conduct.
Who went to jail for the HealthSouth scandal?
The infamous $2.8 billion accounting scandal at HealthSouth, which was perpetrated from 1996 through 2002, left a trail of misery in its wake. Included in the carnage was the imprisonment of CEO Richard Scrushy and several HealthSouth CFOs, among a number of other company officials.
Who did Richard Scrushy bribe?
Governor Don Siegelman
The 11th U.S. Circuit Court of Appeals let stand Scrushy’s 2006 conviction for paying $500,000 to former Alabama Governor Don Siegelman in exchange for a seat on a state hospital board.
What happened to Aaron Beam?
Aaron Beam was a founder and the first Chief Financial Officer of Healthsouth from 1984 until 1997. Today he lives in Loxley, Alabama with his wife of 44 years, Phyllis. In 1996 he took part in the accounting fraud at Healthsouth. In 2003 Beam pled guilty to the fraud and spent time in a federal prison for his crime.
Who was Weston Smith?
Weston Smith, former CFO, turned whistleblower and alerted federal investigators to the fraud. He eventually was sentenced to 27 months in prison for his role – the longest sentence ordered for any of the HealthSouth defendants.
What did Weston Smith do?
Former HealthSouth Corp. chief financial officer Weston L. Smith was sentenced Thursday to 27 months in prison for his role in the company’s $2.7 billion accounting fraud, according to Bloomberg.
Who was the whistleblower in HealthSouth?
Weston Smith
As CFO at HealthSouth in 2003, Weston Smith was part of one of the country’s biggest fraud scandals. After becoming a whistleblower, Smith shares his story. Weston Smith says he lay awake late at night with his “entire life on rewind” one December night in 2005.
