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The following is a "closing segment" for the show which aired Tuesday, January 25, 2005 at 11:00 AM EST.
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Tuesday, January 25, 2005 at 11:00 AM EST
Trial of Richard Scrushy

Today in Alabama the trial of Richard Scrushy, the former high-flying CEO of HealthSouth medical clinics, got under way. In a Birmingham courtroom, lawyers for both sides delivered their opening arguments. Scrushy is accused of orchestrating a $2.7 billion dollar accounting fraud. He could face 450 years in prison and up to $30 million dollars in fines.

But the trial isn’t just drawing attention because of those numbers. Scrushy is a colorful character: a famously big spender, a prolific local philanthropist, and now a budding televangelist. His case comes during a defining year in the government’s fight against corporate fraud — CEOs of WorldCom and Enron are also lining up for trial in 2005.

Dan Morse, a reporter for the Wall Street Journal who is covering the trial, reports on the latest from the courtroom.

Guests:

 
 

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