HealthSouth Corporation was establi

HealthSouth Corporation was established in 1984 by Richard M. Scrushy with four partners. By
2000, the corporation provided sports medicine to the National Football League’s New England Patriots
and Washington Redskins, as well as the New England Revolution, a Major League Soccer Team. A
corporation that had nearly 1,700 facilities and employed 51,000 employees in every state and abroad, a
HealthSouth investigation was launched in September of 2002 (not even 2 months after the Act was
enacted). It was identified that Scrushy had committed accounting fraud and overstated earnings by
$1.4 billion, starting in 1999. Shortly thereafter, Scrushy was fired, and the financial officer, Emery
Harris, was guilty of fraud as well as pleading guilty to possible insider trading. The SEC charged two
former executives (one was the former CFO) guilty with insider trading and securities fraud and false
certification of financial records. The list of executives involved in the scandal went on. It turns out that
HealthSouth executives faked a total of $2.5 billion in earnings, not the prior suspected amount of $1.4.
It was later discovered that Scrushy, the chairman and CEO, alleged he used the money gained by the
company fraud to buy assets including diamond jewelry, a plane, a yacht, Cadillacs, cuff links, works of
art by famous painters, land and an armor-plated sport-utility vehicle (Corporate Scandals- The Many
Faces of Greed). Auditors Ernst & Young admitted that they had relied on too few people for information
about how HealthSouth was managed and did not properly check and test certain accounts – a big deal.
The HealthSouth case was the first scandal caught and identified so quickly, and all because of
Sarbanes-Oxley. Top U.S. officials asserted that with the enactment of SOX, corporate-fraud
prosecutions would intensify and the scandals would be identified in effective and efficient time. With
the scandal of HealthSouth, the Federal Bureau of Investigation, Department of Justice and local U.S.
attorneys, along with the SEC, all got involved to prosecute executives. According to Deputy Attorney
General Larry Thompson, The SOA “focused the responsibility of some of these executives squarely on
the fact that if you make fraudulent or false statements, you are going to be held criminally responsible.”

Hasil (Melayu) 1:

HealthSouth Corporation telah ditubuhkan pada tahun 1984 oleh Richard M. Scrushy dengan empat rakan. Olehtahun 2000, Syarikat diberikan perubatan sukan kepada Patriots New England Liga bola sepak negaraWashington Redskins, serta revolusi New England, pasukan bola sepak Liga utama. ASyarikat yang mempunyai kemudahan yang hampir 1,700 dan bekerja 51,000 pekerja di setiap negeri dan di luar negara, yangHealthSouth penyiasatan telah dilancarkan pada September 2002 (tidak lebih 2 bulan selepas Aktaundang-undang). Ia telah dikenalpasti bahawa Scrushy telah melakukan penipuan perakaunan dan diperbesarkan pendapatan$1.4 bilion, bermula pada tahun 1999. Sejurus selepas itu, Scrushy dipecat, dan pegawai kewangan, ampelasHarris, adalah bersalah melakukan penipuan serta mengaku bersalah terhadap dagangan dalaman yang mungkin. SEC dikenakan duabekas Eksekutif (salah seorang adalah bekas CFO) bersalah dengan dagangan dalaman dan penipuan sekuriti palsupengesahan rekod-rekod kewangan. Senarai Eksekutif yang terlibat dalam skandal tersebut pergi. Ternyata bahawaHealthSouth Eksekutif sahaja sebanyak $2.5 bilion dalam pendapatan, tidak terlebih dahulu disyaki jumlah $1.4.Ia kemudian telah mendapati bahawa Scrushy, Pengerusi dan Ketua Pegawai Eksekutif, menuduh beliau menggunakan wang yang diperolehi oleh pihakSyarikat penipuan untuk membeli aset termasuk barang kemas berlian, kapal terbang, kapal layar, Cadillacs, cuff link, kerjaSeni oleh pelukis terkenal, tanah dan yang bersalut perisai sukan-kenderaan utiliti (Korporat Scandals-The banyakFaces of Greed). Auditors Ernst & Young admitted that they had relied on too few people for informationabout how HealthSouth was managed and did not properly check and test certain accounts – a big deal.The HealthSouth case was the first scandal caught and identified so quickly, and all because ofSarbanes-Oxley. Top U.S. officials asserted that with the enactment of SOX, corporate-fraudprosecutions would intensify and the scandals would be identified in effective and efficient time. Withthe scandal of HealthSouth, the Federal Bureau of Investigation, Department of Justice and local U.S.attorneys, along with the SEC, all got involved to prosecute executives. According to Deputy AttorneyGeneral Larry Thompson, The SOA “focused the responsibility of some of these executives squarely onthe fact that if you make fraudulent or false statements, you are going to be held criminally responsible.”

Hasil (Melayu) 2:

HealthSouth Corporation telah ditubuhkan pada tahun 1984 oleh Richard M. Scrushy dengan empat rakan-rakan. By
2000, perbadanan yang disediakan perubatan sukan ke Liga Bola Sepak Kebangsaan ' s New England Patriots
dan Washington Redskins, serta New England Revolution, yang Pasukan Bola Sepak Major League. A
perbadanan yang mempunyai hampir 1700 Kemudahan dan bekerja 51,000 pekerja di setiap negeri dan di luar negara, yang
siasatan HealthSouth telah dilancarkan pada September 2002 (tidak 2 bulan selepas Akta telah
digubal). Ia telah mengenal pasti bahawa Scrushy telah melakukan penipuan perakaunan dan remeh pendapatan dengan
$ 1.4 bilion, bermula pada tahun 1999. Tidak lama selepas itu, Scrushy dipecat, dan pegawai kewangan, Emery
Harris, bersalah penipuan serta mengaku bersalah mungkin perdagangan orang dalam. SEC mendakwa dua
eksekutif bekas (satu adalah bekas Ketua Pegawai Kewangan) bersalah dengan perdagangan orang dalam dan sekuriti penipuan dan palsu
pensijilan rekod kewangan. Senarai eksekutif yang terlibat dalam skandal itu pergi. Ia ternyata bahawa
eksekutif HealthSouth dipalsukan sejumlah $ 2.5 bilion pada pendapatan, bukan jumlah yang disyaki terlebih dahulu daripada $ 1.4.
Ia kemudiannya mendapati bahawa Scrushy, pengerusi dan Ketua Pegawai Eksekutif, mendakwa dia menggunakan wang yang diperoleh oleh
penipuan syarikat untuk membeli aset termasuk berlian barang kemas, kapal terbang, kapal layar, Cadillacs, pautan cuff, karya
seni oleh pelukis terkenal, tanah dan kenderaan utiliti sukan berlapis baja (Korporat Scandals- Banyak The
Faces of Greed). Juruaudit Ernst & Young mengakui bahawa mereka telah bergantung kepada terlalu ramai orang untuk maklumat
tentang bagaimana HealthSouth diuruskan dan tidak betul-betul memeriksa dan menguji akaun tertentu - . Masalah besar
Kes HealthSouth adalah skandal yang pertama ditangkap dan dikenal pasti dengan cepat, dan semua kerana daripada
Sarbanes-Oxley. Pegawai kanan AS menegaskan bahawa dengan enakmen SOX, korporat-penipuan
pendakwaan akan memperhebat dan skandal akan dikenal pasti dalam masa yang berkesan dan cekap. Dengan
skandal HealthSouth, Biro Penyiasatan Persekutuan, Jabatan Kehakiman dan AS tempatan
peguam, bersama-sama dengan SEC, semua terlibat untuk mendakwa eksekutif. Menurut Timbalan Peguam
General Larry Thompson, The SOA " memberi tumpuan tanggungjawab beberapa eksekutif ini tepat pada
hakikat bahawa jika anda membuat kenyataan palsu atau salah, anda akan diadakan jenayah bertanggungjawab. "