Ex HealthSouth CEO Richard Scrushy’s Lake Martin home was auctioned today on the courthouse steps in Dadeville, Alabama. HealthSouth shareholders won a $2.9 billion judgment against the “CEO of Fraud” and are now attempting to recover the cash.
The above video shows the home and its adjoining lots being auctioned.
The auction actually included two parcels:
1. The Hangar at Willow Point Airport– 644 Willow Way North – Scrushy owned a hangar there, one of only 2 or 3 at the airport, which is adjacent to the neighborhood of Willow Point. It was the site of the boat auction a couple of weeks ago. The shareholders bought it for $435,000.
2. The Waterfront Home and Lots – 1470 Willows End – this is the home and the surrounding lots in Willow Point. They had an opening bid for $4 million and the shareholdersof HealthSouth bought it for $7.4 million.
For everything I have written on Scrushy, see Scrushy Category
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