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In reply to the discussion: My Hospital Bill was $119,000 for 5 days [View all]midnight
(26,624 posts)Scrushy had a way to save the hospitals and the govt. money, but were sent to prison instead of helping cut medical supply costs...
Scrushy was the first chief executive charged with violating the 2002 Sarbanes-Oxley Act, a corporate reform measure enacted after a wave of corporate scandals that followed the collapse of Enron. Five former chief financial officers testified against him.
A federal jury in Alabama began deliberating about six weeks ago and appeared to be deadlocked. Last week, U.S. District Judge Karon Bowdre replaced one juror due to illness and instructed the reconfigured 12-member panel to start over.
As the verdict was read in the early afternoon Tuesday, defense lawyers were crying while the prosecutors sat stone-faced, according to an eyewitness in the courtroom. Scrushy hugged his wife and his pastor.
Scrushy's acquittal, while a big blow to prosecutors, comes after some recent government wins in its campaign against corporate fraud. Last week, hefty sentences were given to two former Adelphia Communications executives. Two weeks ago, former Tyco CEO Dennis Kozlowski was found guilty. Ex-WorldCom CEO Bernard Ebbers was convicted in March.http://money.cnn.com/2005/06/28/news/newsmakers/scrushy_outcome/index.htm