Digital Media Center
Bryant-Denny Stadium, Gate 61
920 Paul Bryant Drive
Tuscaloosa, AL 35487-0370
(800) 654-4262

© 2024 Alabama Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Owens Discusses Taxes in Scrushy Trial

By Alabama Public Radio

Birmingham, AL – Testimony continued Tuesday in the corporate fraud trial of former HealthSouth CEO Richard Scrushy. Former HealthSouth CFO Bill Owens told a federal jury that he did not file federal tax returns for nine year. He says he also paid cash for more than $3 million worth of property and ran up a $700,000 tax bill while helping engineer what prosecutors call a multi-billion dollar overstatement of earnings. After paying almost $5 million of withheld taxes, Owens still owes about $400,000 in interest and penalties. Meanwhile, Scrushy defense attorney Jim Parkman says Owens orchestrated the fraud at HealthSouth and manipulated workers at the company. He is among 15 former company executives who have pleaded guilty in the fraud scheme.

News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you.