Vegas rehab operator charged with fraud
Wednesday, March 19, 2003 | 9:45 a.m.
WASHINGTON -- HealthSouth Corp., the biggest U.S. operator of rehabilitation hospitals, and Chief Executive Officer Richard M. Scrushy committed a $1.4 billion accounting fraud, the Securities and Exchange Commission charged today.
HealthSouth overstated earnings since 1999 at Scrushy's insistence to meet profit targets, the SEC said. HealthSouth, a big player in the Las Vegas health industry, couldn't be reached for comment. The SEC also halted trading in the company's securities for two days because of misleading information in the marketplace.
Former Chief Financial Officer Weston Smith agreed to plead guilty to charges that he conspired with senior officers to inflate profit and filed false SEC certifications, the Justice Department said.
archive
- Most Read
- Discussed
- Most E-mailed
- Cada and Moon emerge as Main Event’s final two
- Fight snapshot: Reviewing “24/7 Pacquiao/Cotto,” episode 3
- Motorcyclist dies in Summerlin crash
- Two injured in shooting in central valley
- Buchanan was one of the city’s truly flamboyant characters
- Fight snapshot: Pacquiao is a hit with Jimmy Kimmel, and vice versa
- Google Maps glitch renames Henderson
- Rebels’ win raises a few what-ifs
- Wood: Not the renewable some had in mind
- North Las Vegas man dies in single-car crash
Blogs
Sports: Upon Further Review
Fight snapshot: Arum takes a pot shot during Pacquiao training
Robin Leach's Las Vegas Celebrity Watch
Final Five have two routines each on Dancing With the Stars
The Coin Bucket
Blue Man Group at half price for locals
Elsewhere
Findlay Prep's Bradley fitting in at Texas (2 Comments)
Now and Then
I went to a hockey game and a New Mexico women's soccer match broke out (1 Comment)
Politics: The Early Line
Attention in D.C. focuses on health care proposals (1 Comment)
Elsewhere
Fedor v. Rogers delivers solid ratings on CBS (5 Comments)
Calendar »
- 10 Tue
- 11 Wed
- 12 Thu
- 13 Fri
- 14 Sat
-
Jo Dee Messina at the House of Blues
House of Blues | 7 p.m. to 10 p.m.
-
The Revival Tour at Beauty Bar
Beauty Bar | 9 p.m. to 11:59 p.m.
-
DJ Tina T at Prive
Prive | 10 p.m. to 11:59 p.m.
-
The Automatic Tour at The Square Apple
The Square Apple
The Sun
Locally owned and independent for more than 50 years.
Technorati








