Scrushy lake house sells at auction

DADEVILLE, Ala. (AP) - The luxury lake house of HealthSouth founder Richard Scrushy has sold in an auction for $7.4 million.

Tallapoosa County Sheriff Jimmy Abbott said the luxury house and two adjacent lots sold to HealthSouth stockholders in an auction on the county courthouse steps that lasted less than two minutes. He said the shareholders were represented by Wade Tucker who presented the only bid.

The shareholders also bought a nearby airplane hangar for $435,000.

The sheriff said the house and the hangar sold for their appraised prices.

The 57-year-old Scrushy is in federal prison for bribing former Alabama Gov. Don Siegelman. In May he was found liable for the fraud that engulfed HealthSouth in 2002 and ordered to pay $2.8 billion in damages.

(Copyright 2009 by The Associated Press. All Rights Reserved.)