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3:50 p.m. May 5 - Aaron Beam, HealthSouth Corp.'s first chief financial officer and a company co-founder, pleaded guilty in federal court Monday to bank fraud and criminal forfeiture.
Beam, 59, of Fairhope, Ala., is the last of five former HealthSouth CFOs to plead guilty after the Securities and Exchange Commission's mid-March charges that HealthSouth and its founder and fired CEO, Richard Scrushy, inflated company earnings by some $2.5 billion since 1997 in order to meet or exceed Wall Street expectations.
The four other CFOs are Weston Smith, William Owens, Malcolm McVay and Michael Martin.
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