The Ghosts of Bush Administration Corporate fraud are still lingering. There is currently a civil case against Richard Scrushy, the former CEO of HealthSouth and some shocking news came out of a deposition of an executive that was/is helping (isn't clear from the article) turn the company around.
According to the AP, Scrushy, who beat criminal charges back in 2005 (only by virtue of a carefully negotiated deal with the Morning Star), left the company with "no internal controls".
SHEESH, I guess it makes you wonder how fraud was able to occur in the first place...
Scrushy Left HealthSouth in Disarray, Executive Says [AP via DealBook]
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Thursday, May 14, 2009
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