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Scrushy Declared Not Guilty of Fraud

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Scrushy Declared Not Guilty of Fraud

Scrushy Declared Not Guilty of Fraud

Scrushy Declared Not Guilty of Fraud

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  • <iframe src="https://www.npr.org/player/embed/4721944/4721945" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

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.