Photo: Freeman’s Auctioneers
Richard Scrushy was the infamous “CEO of fraud” who was ordered to pay shareholders $2.9 billion after the unravelling of a massive scheme at his company, HealthSouth.He once owned a yacht, two Cessna planes and a $6.2 million waterfront estate in Alabama.
Now he’s serving seven years in jail for a conviction in a state government bribery case that’s entirely separate from the shareholder fraud.
Lots of his fancy toys have already been auctioned off.
But parts of his incredible art collection, which included multiple Miros, Renoirs, and rare Picasso prints, hit the auction block at Freeman’s Auctioneers in Philadelphia today.
The 16 pieces from his estate are expected to bring in as much as $531,000, all of which will go to HealthSouth shareholders.
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