ETHICS FAIL: Rick Scott was forced to resign as the head of a company that pleaded guilty to massive Medicare fraud, including 14 felonies, which led to an historic $1.7 billion settlement.

Scott Was Ousted Amid A Federal Investigation That Resulted In His Company Paying A Record $1.7 Billion In Fines For Health Care Fraud.  “Scott, former CEO of the Columbia/HCA health care company, was ousted amid a federal investigation that resulted in the company paying a record $1.7 billion in fines as part of a settlement over fraudulent healthcare billing.”  [Times/Herald, 05/31/10]

Scott Was Forced To Resign Amid Fraud Charges.  “The investigation and the plea is an obvious blow to a company that became a Wall Street darling by promising to bring first-class business practices to the hospital sector, still dominated by not-for-profits. Under former Chief Executive Richard Scott, it bought hospitals by the bucketful and promised to squeeze blood from each one. Scott was forced to resign in the wake of the initial fraud charges in 1997.” [Forbes, 12/15/00]

Scott’s Company Admitted Wrongdoing And Pleaded Guilty To 14 Felonies In Addition To Paying The Fines. “Scott resigned in 1997 amid an FBI inquiry that ultimately led to the company paying a record $1.7 billion in criminal and civil fines for Medicare fraud.” His company ultimately “admitted wrongdoing, pleading guilty to 14 felonies — most committed during Scott's tenure — in addition to paying two sets of fines totaling $1.7 billion.” [Herald/Times, 6/27/10]