It Figures

$109 Million

The amount Ernst & Young LLP has agreed to pay to HealthSouth Corp. shareholders who sued the firm for failing to detect an accounting fraud involving more than a dozen executives, according to papers filed in Birmingham federal court. The monies would create a fund for investors. The New York-based firm did not admit to any wrongdoing. Prosecutors said the $2.7 billion fraudulent scheme took place from 1996 to 2002. Fifteen former company officials pleaded guilty in the case.

$1 Million

The amount approved by a federal judge in Charleston, South Carolina for payment by the tax preparation company for a former Charleston Southern University economist now in prison for fraud. The settlement says the firm of Legare & Bailey was not aware of Al Parish’s estimated $66 million fraud scheme but that information provided by Parish should have raised red flags. Most of the settlement is coming from an insurance policy. He is serving more than 24 years in prison.

36

The number of crashes Jonathan Christian Jones of Indiana has been involved between 2000 and 2007, according to North Carolina officials who recently arrested him. They charged him with allegedly filing some $10,000 in false claims.

$500 Million

The amount in debt declared by the West Virginia luxury Greenbrier resort in filing filed for bankruptcy. CSX, the owner of the Greenbrier Hotel Corp., plans to sell what was once one of America’s highest-rated hotels to a unit of Marriott International Inc. for about $130 million.

4-3

The vote by the Georgia House Consumer Affairs Subcommittee rejecting a measure to require adults in pickup trucks to buckle their seat belts, despite testimony from physician’s groups, insurance executives and highway safety officials backing the change. Georgia is the last state to specifically exempt adults in pickups from buckling up.

Topics Fraud