HealthSouth's Scrushy Scoffs at SEC Probe on Tape
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BIRMINGHAM, Ala.  - Former HealthSouth Corp. Chief  Executive Richard Scrushy scoffed at a U.S. Securities and  Exchange Commission investigation in recordings played in court  on Wednesday during his fraud trial.
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Questions emerged on Tuesday about transactions between beleaguered WellCare Health Plans Inc  and an offshore entity, further hurting the health insurer's battered stock price.
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Federal prosecutors added perjury and obstruction of justice charges to the criminal case against fired HealthSouth Corp. chief executive Richard Scrushy on Wednesday under a new indictment in the accounting scandal.
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WellCare Health Plans Inc ,  which manages health care for more than a million poor  Americans, said on Friday that securities regulators had asked  for information after the FBI raided the company's Florida  headquarters.
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SEC probes of safety claims and channel stuffing zap this highflier.
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Top HealthSouth Corp. executives considered removing Richard Scrushy as chairman but decided against it in the final months of what prosecutors say was a huge fraud conspiracy at the rehabilitation giant, according to testimony Tuesday at Scrushy's trial.
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Attorney General Andrew Cuomo of New York said that he is conducting an investigation of health insurers into allegations that reimbursement rates were manipulated to defraud consumers.
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BIRMINGHAM, Ala.  - HealthSouth Corp.'s physical  therapy centers and other facilities sent accurate financial  reports to company headquarters, where accountants would cook  the books to make the numbers look better, a forensic  accountant told a federal court on Friday.
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Anonymous messages posted on a Web site raise questions about the handling of data on a Merck &amp; Co Inc  and Schering-Plough Corp  cholesterol drug, two House of Representatives Democrats said on Monday.
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The fraud trial of former HealthSouth Chief Executive Richard Scrushy over his role in a massive accounting scandal has been set for Jan. 5, 2005, according to court filings Monday.
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The SEC investigation into a scandal that rocked Wall Street last week is not over
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Former HealthSouth CEO Richard Scrushy told an aide two years ago "everybody goes down" if problems with the company's financial statements become public, according to a secretly made recording played Thursday at Scrushy's fraud trial.
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BIRMINGHAM, Ala.  - A probe of HealthSouth Corp.'s  $2.7 billion accounting scandal revealed no paper trail  directly connecting fraud to former Chief Executive Richard  Scrushy, a forensic accountant who helped unravel the scandal  testified at Scrushy's criminal trial.
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BIRMINGHAM, Ala. -- A key witness against Richard Scrushy testified yesterday the fired HealthSouth chief executive never told him to break the law at the start of a huge fraud, and that FBI agents were ''pressing" him for figures about the scam after he went to investigators.
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Fired HealthSouth chief executive Richard Scrushy told his staff to ''fix the numbers" to conceal a potential earnings shortfall in mid-1996 when a massive accounting scandal was just beginning, the company's first chief financial officer testified yesterday.
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Scrushy faces fewer counts for role in accounting scandal after grand jury consolidates old charges. WASHINGTON  - A federal grand jury Wednesday consolidated charges against HealthSouth Corp.
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A board member testifies Monday that the former CEO was fired in large part because of his reckless exaggeration to Wall Street analysts.