Similarities Between Healthsouth And Richard Scrushy

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HealthSouth is a large healthcare company with many rehabilitative-type as well as outpatient facilities across the U.S. The company was involved in a major corporate accounting fraud scandal around 2003-2004. HealthSouth’s founder, Richard Scrushy, was indicted for using corrupt accounting practices and forcing others to alter books and overstate earnings. Scrushy’s fraudulent activities total in value up to as much as $4.6 billion. According to Walter Pavlo of Forbes, “CEO Richard Scrushy was the first executive to be tried under the Sarbanes-Oxley Act for cooking the books” (2012). While many involved served prison time, Scrushy was acquitted of the accounting fraud, only to later serve time in jail for politically-related charges (Pavlo

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