Facts of the Case
Fraud can be defined as an act or practice that is wrongful or criminal in nature with the intention of making unlawful gains. In this case, Aaron Beam, a certified public accountant, was engaged in the illegal alterations of the financial statements. Mr. Beam and his friend, Richard Scrushy both started a healthcare company known as Health South. Mr. Scrushy would then act as the CEO while Mr. Beam would act as the CFO. Mr. Scrushy persuaded Beam to do whatever it takes to make sure that the financial reports that he prepared for the company looked good in ...