Tuesday, June 28, 2005

Ex-HealthSouth CEO Scrushy found not guilty

In what is being reported as a crushing defeat for federal prosecutors, HealthSouth Corp.'s CEO Richard Scrushy was found not guilty of orchestrating a 2.7 billion dollar accounting fraud at the company.

Coming on the heels of the conviction of Bernie Ebbers, the verdict may have an impact on future decisions for these high profile cases. Given the fact that some news services are reporting that Ebbers might get a sentence of 85 years, someone needs to seriously reconsider these prosecutions.
Post a Comment