Scrushy Time Line - WSFA.com Montgomery Alabama news.

Scrushy Time Line

Significant events in the career of Richard Scrushy and the criminal cases brought against him:

  • 1984: Scrushy and a small group of investors form HealthSouth, a medical services company based in Birmingham.
  • 1986: HealthSouth goes public.
  • 1996: After years of quick growth with Scrushy as CEO, HealthSouth operates in all 50 states and eventually bills itself as the nation's largest provider of diagnostic imaging, outpatient surgery and rehabilitation services. An account fraud begins around mid-year.
  • March 2003: Scrushy is fired by HealthSouth as the Securities and Exchange Commission files a civil suit alleging massive accounting fraud. First of 15 former executives pleads guilty in fraud.
  • November 2003: Scrushy charged criminally in HealthSouth fraud, pleads innocent to indictment on multiple charges, including violation of new Sarbanes-Oxley corporate reporting law.
  • June 28, 2005: Scrushy acquitted on all counts by federal court jury in Birmingham.
  • Oct. 26, 2005: Federal prosecutors announce a grand jury indictment accusing Scrushy of bribery and other government corruption charges along with former Alabama Gov. Don Siegelman and two former Cabinet members.
  • June 29, 2006: A federal court jury in Montgomery convicts Scrushy and Siegelman on bribery, conspiracy and mail fraud charges accusing him of making $500,000 in contributions to Siegelman's campaign for a state lottery in return for an appointment to a hospital regulatory board. The two Cabinet members were acquitted on all charges.
  • June 28, 2007: Sentenced to six years, 10 months in federal prison on his convictions.

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