Of course the government will try to get the money back to the people
actually harmed. Surely they will?
Leon
ONLINE at
http://www.nbc13.com/news/2609608/detail.html
Dept. Of Justice Press Release: Richard Scrushy Charged In $2.7 Billion
Accounting Fraud Conspiracy
Government Seeks More Than $278 Million in Forfeiture
Dept. Of Justice Press Release: Richard Scrushy Charged In $2.7 Billion
Accounting Fraud Conspiracy
Source: Department On Justice, Tuesday, November 4th, 2003
Assistant Attorney General Christopher A. Wray of the Criminal Division,
U.S. Attorney Alice H. Martin of the Northern District of Alabama, Carmen
S. Adams, Special Agent in Charge of the FBI-Birmingham Field Office, and
Internal Revenue Service Commissioner Mark W. Everson announced today that
Richard M. Scrushy, a former chief executive officer and chairman of the
board of HealthSouth Corp., has been charged in an 85-count indictment
stemming from a wide-ranging scheme to defraud investors, the public and
the U.S. government about HealthSouth's financial condition.
Scrushy, 51, of Birmingham, Alabama, surrendered at FBI Headquarters in
Birmingham. The case has been assigned to the Honorable Karon O. Bowdre,
U.S. District Court Judge.
The indictment was returned by a federal grand jury in Birmingham last
Wednesday and unsealed this morning. The indictment charges Scrushy with
conspiracy, mail, wire and securities fraud, false statements, false
certifications and money laundering. The indictment also seeks forfeiture
of more than $278.7 million in property which Scrushy derived from proceeds
of the alleged offenses, including several residences, boats, aircraft and
luxury automobiles.
"As alleged, instead of telling the public the truth, Richard Scrushy and
his accomplices lied - they cooked HealthSouth's books and Scrushy
personally vouched for false financial statements with the SEC to cover up
their scheme," said Assistant Attorney General Christopher Wray. "These
charges show that the government has important new tools to hold executives
accountable for corporate fraud, and we won't hesitate to use them where
the evidence warrants it."
"CEOs owe a fiduciary duty to investors, and the vast majority uphold that
duty. However, for those who do not, our message is that no executive is
above the law and through our forfeiture efforts we will work to show that
crime doesn't pay," stated U.S. Attorney Alice H. Martin.
. . .
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