Former Alabama Gov. Don Siegelman was denied a new trial Friday and resentenced to 6½ years in prison for his role in bribery, conspiracy, fraud and obstruction of justice, the Justice Department announced.
The public corruption and bribery convictions of former Alabama Gov. Don Siegelman and HealthSouth CEO and founder Richard Scrushy will stand after the Supreme Court rejected their separate appeals Monday.
The financial crisis wiped out almost $7 trillion in stock market value in 2008. It destroyed iconic American companies like AIG, Bear Stearns, Lehman Brothers, and nearly broke GM, costing tens of thousands of workers their jobs. It pushed millions out of their homes. And that's just in the U.S. -- forget the fallout still raining down on Europe and the rest of the globe. So where are the jail terms, or at least the perp walks, for those who oversaw it all? Cue the crickets.
Aristotle said tragedy should provide catharsis. The shock of the play was supposed to purify the audience. By that standard, the current financial crisis is more like a lesson in botany than Greek drama.
A federal appeals court Thursday ordered former Alabama Gov. Don Siegelman released from prison on bond pending his appeal, saying he is not a flight risk and has shown his appeal will raise "substantial questions of law or fact."
Ousted HealthSouth Corp. Chief Executive Richard Scrushy, acquitted two years ago in a major corporate fraud case, and former Alabama Gov. Don Siegelman were both sentenced to prison Thursday for bribery.
A federal jury in Montgomery convicted ex-HealthSouth CEO Richard Scrushy and former Alabama Gov. Don Siegelman of bribery charges Thursday in a corruption case stemming from Siegelman's term in office.
A former HealthSouth finance officer who cooperated extensively with the investigation into accounting fraud at the company is now facing a potential 8-year sentence on his charges, according to a news report.
Former Alabama Gov. Don Siegelman and former HealthSouth CEO Richard Scrushy, who was acquitted in June in a massive corporate fraud case, were indicted Wednesday on federal charges stemming from an investigation into allegations of public corruption during Siegelman's administration.
As much as Dennis Kozlowski and Richard Scrushy dream of the kind of day that Michael Jackson is now having, the not guilty verdict in the pop singer's child molestation trial can't offer them much solace.
A federal judge dismissed two of the counts against former HealthSouth CEO Richard Scrushy in an Alabama courtroom Thursday, but the defendant still faces 36 more in the accounting fraud trial, The New York Times reported.
The prosecution rested its case in the corporate fraud trial of former HealthSouth Corp. Chief Executive Richard Scrushy Tuesday after asking that two of the criminal charges against him be dropped, taking the total down to 52.
It was one of the enduring images of the first Tyco trial: evidence about a lavish Italian birthday party featuring an ice sculpture of Michelangelo's David spouting Stoli vodka from its nether regions.
The last six months have been relatively quiet in the world of corporate scandals, with only Martha Stewart grabbing headlines. The lull came to an end this week in courthouses in Alabama and New York.
The last six months have been relatively quiet in the world of corporate scandals. Only Martha Stewart, who on Monday marked the third anniversary of the stock sale that landed her behind bars, has been dominating headlines.