Scrushy Transfers Millions In Real Estate

Bribery Healthsouth Former HealthSouth CEO Richard Scrushy reportedly transferred millions of dollars in property to his son-in-law's company before he was convicted of bribery.
by Associated Press
Published: Mon, October 19, 2009 - 4:07 pm CST Last Updated: Mon, October 19, 2009 - 4:15 pm CST
BIRMINGHAM, Alabama - Former HealthSouth CEO Richard Scrushy
has testified that he transferred millions of dollars in property
to a company run by his son-in-law in early 2006, before he was
convicted of bribery.
Scrushy described the transfer during sworn testimony Monday as
he was quizzed by attorneys for HealthSouth shareholders seeking to
collect on a $2.9 billion judgment.
The Birmingham News reports that Scrushy said he loaned money to
Estrada Land LLC, which is run by his son-in-law Mike Plaia, to
purchase several pieces of Scrushy property, including land on the
Gulf coast, at Lake Martin and at his Vestavia Hills estate.
Scrushy said the company is controlled by Shepherd Trust, a
trust established for Scrushy's wife, Leslie and his nine children.
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