Richard Scrushy Case
Growing ups Selma Alabama, Richard Scrushy like any normal teenager found him self thinking about a better opportunity and life for him and his wife. After graduating from University of Alabama, Scrushy started from an entry level position, to owning his own company called HeathSouth, INC. By 2001 HealthSouth had more then 4.3 billion and 100,000 patients a day. But all good thing come to end, when Scrushy found himself in schooled that put his career to end. In the 1990s, Scrushy company is grown more and more but because of the economic situation happened in the US, The government had to cut the medical care off. Medical care was Scrushy number one source of income. Losing it had a huge affect on HealthSouth, which mean Scrushy start to loose money. In order to reach his Stockholders expectation,
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In Order to keep his image and his company safe, Scrushy start telling lie and making his employees make up number and put them in chat to make it believable, while in fact everything coming out of his company is completely fictional. Scrushy kept this hiding whole situation hiding by creating a system with his executives, were they would manipulate their document and give false information, and if the company were short with the number, Scrushy allows them to make up random number to met up with his shareholders expectation. And not only making up fake money, lot of HealthSouth patient were family made up from former worker. HealthSouth went beyond to keep this fraud concealed and for a very long time. Before Scrushy was exposed, he made up $2.7 Billion fraud to keep the company stock price high. Also, breeding played a huge part in this manipulation, were money was number on goal to reach and HealthSouth employees and Scrushy would go all the way to make false document and make up number to reach their goal. And live the luxurious lifestyle he
In Order to keep his image and his company safe, Scrushy start telling lie and making his employees make up number and put them in chat to make it believable, while in fact everything coming out of his company is completely fictional. Scrushy kept this hiding whole situation hiding by creating a system with his executives, were they would manipulate their document and give false information, and if the company were short with the number, Scrushy allows them to make up random number to met up with his shareholders expectation. And not only making up fake money, lot of HealthSouth patient were family made up from former worker. HealthSouth went beyond to keep this fraud concealed and for a very long time. Before Scrushy was exposed, he made up $2.7 Billion fraud to keep the company stock price high. Also, breeding played a huge part in this manipulation, were money was number on goal to reach and HealthSouth employees and Scrushy would go all the way to make false document and make up number to reach their goal. And live the luxurious lifestyle he