accounting fraud News

Former HealthSouth CEO Denies Hiding Millions Amid Ongoing Scandal

BIRMINGHAM, Ala. (AP) – The man who once led HealthSouth, a huge provider of outpatient rehab services, has been ordered to turn over records related to a bank account that lawyers say he’s using to hide millions. In a seven-page …

‘Clubby’ Culture Helped Push Indiana Trucking Firm into Ruin

INDIANAPOLIS — Here’s something you can be sure Franklin College won’t be highlighting in its student-recruitment marketing: All three of the former Celadon Group Inc. executives charged this year in what prosecutors call a sweeping accounting fraud graduated from the …

Panel Clears Audit Firms of Olympus Scandal Blame

An unofficial panel of experts cleared global accounting groups KPMG and Ernst & Young of any responsibility for a $1.7 billion accounting fraud at Japan’s Olympus Corp, though the role of the firms remained under official review. The scandal, one …