Scrushy Declared Not Guilty of Fraud

A federal jury in Birmingham, Ala., acquits former HealthSouth CEO Richard Scrushy on all counts of a massive fraud charge against him. Scrushy was accused of masterminding a $2.7 billion accounting fraud at the company he founded.

The decision is a major blow to prosecutors, who had viewed the case as a test of the Sarbanes-Oxley Act to improve corporate governance.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.