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By LouAnn Lofton (TMF Bling)
March 21, 2003

One more allegedly dishonest company is under fire. Federal investigators recently charged HealthSouth's (NYSE: HRC) chief executive officer with fraud. Richard Scrushy allegedly overstated the Birmingham, Ala., rehabilitation care provider's earnings by $1.4 billion since 1999.

Hours after the FBI raided HealthSouth's headquarters Wednesday, the SEC filed charges and ordered a trading halt of the company's shares. Before the halt, HealthSouth dropped to $3.91, down 75% from the company's 52-week high. Yesterday, Standard & Poor's booted HealthSouth from its S&P 500 index...
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