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Biotech / Medical : HEALTHSOUTH Corporation (HLSH)

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To: jmhollen who started this subject	6/19/2004 2:35:31 PM
From: jmhollen	of 116

"...Haaaaaaaaa...."!!! Scrushy gets 'GROUNDED' ...and loses his back-allowance, too...!!! Former HealthSouth CFO Gets House Arrest 6/19/2004 2:23:00 PM HUNTSVILLE, Ala., Jun 19, 2004 (AP Online via COMTEX) -- A federal judge on Saturday sentenced a former HealthSouth Corp. chief financial officer to six months of house arrest and ordered him to pay more than $2.4 million for his part in the clinic chain's multibillion-dollar accounting scandal. Richard Scrushy, HealthSouth's founder and fired chief executive, is awaiting trial on charges he made millions off a complex scheme to inflate HealthSouth earnings for years. The company has said profits were overstated by as much as $4.6 billion. Assistant U.S. Attorney Mike Rasmussen had pushed for a sentence for Martin of five years in prison as a "deterrent to white-collar crime." But he also described Martin as needed by the government in reconstructing HealthSouth's financial records. HealthSouth has almost 1,700 facilities in the United States and abroad and employs more than 51,000 people. Copyright 2004 Associated Press, All rights reserved cbs.marketwatch.com .

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