Scrushy Not Guilty
Our insider at the court house in Alabama is reporting that Richard M. Scrushy, former CEO of HealthSouth, has been found NOT GUILTY on ALL counts.Update: Apparently, the scene at the courthouse looks something like this:
Update: The legitimate press has it now (though you saw it here first!):
From the NYTimes: "Jurors acquitted HealthSouth Corp. founder and fired Chief Executive Richard Scrushy on Tuesday of all charges related to a $2.7 billion earnings overstatement at the rehabilitation and medical services chain.
"Scrushy had been charged with fraud, false corporate reporting and making false statements to regulators. He was the first CEO charged under the Sarbanes-Oxley corporate reporting law.
"Scrushy blamed the massive accounting scheme on subordinates including all five finance chiefs who served under him at HealthSouth.
"In all, 15 former HealthSouth executives have pleaded guilty since 2003, when the scandal erupted publicly and drove the company to the brink of bankruptcy."
Update: Our source on the scene says that upon leaving the courthouse everyone is going to get a drink at Lou's Pub.
Update: Woo, infographic from CNN:
posted by Carol at 12:59 PM
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4 Comments:
Just remember, if you're trying to get away with it, being completely shameless is the way to go. That and having terrible prosecutors.
Having spent all last week working on quarterly Sarbannes Oxley (SOX)reporting, living in mortal fear of missing one little scrap of paper which says that the users signed off on adding a single cost center to their monthly report which no one reads anyway even though they sent an e-mail saying to make the change in the first place, all I can say is
Not guilty? You tell me this NOW? You couldn't have come up with this last week? Well, I'm not SENDING your stupid scrap of paper with someone's illegible scrawlings on it. HOW DO YOU LIKE THEM APPLES, UNCLE SAM?
Come and GET ME, Junior G-man. I'll beat the rap. EVERYone beats the SOX rap.
TOP OF THE WORLD, MA! Take that, copper. And that! And that!
Religion is the last refuge of the scoundrel, to paraphrase Voltaire.
And seriously, what kind of name is "Scrushy" anyway?
(I can mock others' names because I have a total porn name myself and have borne my share of mockery. So it's ok.)
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