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 on Friday upheld most of the charges against former Alabama Gov. Don Siegelman, and it upheld all of the charges against former HealthSouth executive Richard Scrushy.
Former Alabama Gov. Don Siegelman is expected to be released from a federal prison in Louisiana sometime Friday, officials said
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.
Bush's adviser was cited in efforts to get the Justice Dept. to pursue Siegelman, according to a newly disclosed affidavit
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.
If there's one word to describe the Enron defense team, it's gutsy.
An Alabama judged ordered ex-HealthSouth CEO Richard Scrushy to return $47.8 million in performance-based bonuses, according to a news report published Wednesday.
No, Virginia, it doesn't look like Santa's coming to Wall Street this year.
The main witness in the fraud case against the founder and former chief executive of HealthSouth Corp., was sentenced to five years in prison for his part in the $2.7 billion scheme Friday.
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.
The rise and fall of Richard Scrushy, the founder and former CEO of HealthSouth Corp., may be coming to the big screen, according to the New York Times Monday.
RICHARD SCRUSHY'S $2.7 BILLION accounting-fraud trial looked like a slam-dunk for the prosecution. All five CFOs who had ever reported to the former HealthSouth CEO copped guilty pleas and agreed t...
Richard Scrushy, the founder and former CEO of HealthSouth Corp., was found not guilty Tuesday on all charges in the $2.7 billion accounting fraud at the hospital chain.
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.
There are a lot of mundane matters in a $2.7 billion fraud trial: contractual adjustments, weekly revenue reports, capital expenditure accounting, that sort of thing. But the Southern-fried trial o...
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.
CNNMoney: Sleepless in Houstonupdated: Tue Mar 15 2005 15:16:00
It could be a restless night for Kenneth Lay, Richard Scrushy and Dennis Kozlowski.
A DAY IT SEEMED WOULD NEVER COME IS FINALLY NEAR. It's the day--or, more correctly, three days--of justice, when we finally learn the fate of the three most important defendants in the scandal wave...
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.
Ken Lay, the ex-Enron CEO facing felony charges over the energy giant's collapse, thinks prosecutors are attacking his wife to pressure him.
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.
First came the season of germination, when this lush new crop of business scandals sprang with startling brightness from the richly manured soil of the market mania.
When last we left Richard Scrushy, former HealthSouth CEO and current defendant in an 85-count fraud indictment, he'd joined the Guiding Light, a predominantly black church in Birmingham, Ala. That...
Odd as it sounds, Richard Scrushy appears to be playing the race card.
"So me and Joey and some other members of 'the family' was out back shoveling dirt into a hole--shoveling like mad! On accounta if we don't, the Don gets upset, which is, you know, unhealthy, and.....
Shortly after dawn on July 30, 2002, William A. Massey Jr. backed his GMC Yukon out of his driveway in a suburb of Birmingham and turned the wrong way down Weatherly Club Drive. Instead of heading ...
Do corporate rock & roll bands reflect the inner soul of a company? I would argue yes. Fortunately I had the perfect proving ground to confirm this hypothesis: FORTUNE's second annual Battle of the...
Fortune: And Your First Job?updated: Mon Oct 01 2001 00:01:00
Shelly Lazarus, chairman and CEO, Ogilvy & Mather Worldwide: "When I was 22, I was an intern at General Foods. It was during the Vietnam war, and the assistant and the associate product managers we...
Some industries just seem naturally to become magnets for greedheads and promoters. In the 1970s it was real estate. In the 1980s, S&Ls. And for a brief stretch this decade, it was the business of ...
Bill Sullivan, president of Oxford Health Plans, is in trouble. He's about to make his company's case to some 200 analysts and money managers who own hundreds of millions of dollars of Oxford stock...
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