Protecting older adults and retirement investments a priority in 2017, SEC says
By
Lois A. Bowers
Jan 12, 2017
Senior investors and retirement investments will be a major area of focus for the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations in 2017, the SEC announced...
American Senior Communities case defendant agrees to plead guilty
By
Lois A. Bowers
Dec 19, 2016
One of the defendants in the alleged $16 million fraud, kickback and money-laundering scheme involving former executives of American Senior Communities has agreed to plead guilty to charges against him,...
Assisted living manager pleads guilty to using resident IDs to obtain credit cards, charge $74,000
By
Lois A. Bowers
Nov 29, 2016
The former manager of a Maryland assisted living facility has pleaded guilty to bank fraud and aggravated identity theft for opening credit card accounts in the names of residents and charging more than...
Trial date set in $1 billion healthcare fraud case
By
Lois A. Bowers
Nov 06, 2016
A Sept. 18, 2017, trial date has been set for Philip Esformes, the owner of several Florida assisted living and skilled nursing facilities who was accused earlier this year of leading a $1 billion fraud...
ALF owner accused in $1 billion fraud scheme ordered held without bond
By
Lois A. Bowers
Oct 04, 2016
Philip Esformes, the owner of several Florida assisted living and skilled nursing facilities who was accused earlier this year of leading a $1 billion fraud scheme, will continue to be held in the Miami...
Assisted living owner accused in historic $1 billion healthcare fraud scheme
By
Lois A. Bowers
Jul 24, 2016
The owner of more than 30 Miami-area assisted living and skilled nursing facilities was charged with conspiracy, obstruction, money laundering and healthcare fraud in connection with a $1 billion scheme...
Updated: Philip Esformes reaches plea deal with federal prosecutors on remaining charges in landmark...
By
Lois A. Bowers
Feb 02, 2024
Philip Esformes, the assisted living community and nursing home owner charged in 2016 in a $1.3 billion healthcare fraud case that the federal government at the time called “the largest healthcare fraud...
Court shuts down two international mail fraud operations targeting seniors
By
Lois A. Bowers
Nov 27, 2017
A federal court in New York has permanently barred 14 people and entities from operating two alleged multimillion dollar international mail fraud schemes that targeted older Americans and others, according...
SEC announces new legal action related to Brogdon case
By
Lois A. Bowers
Apr 09, 2017
The Securities and Exchange Commission has announced new legal action in a case involving Atlanta-based businessman Christopher F. Brogdon, who was charged in late 2015 with fraud in connection with his...
Assisted living owner, three managers charged with defrauding Medicaid of more than $1 million
By
Lois A. Bowers
Mar 12, 2017
The owner and three managers of an Alaska assisted living home have been indicted after the home allegedly billed the state for more than $1 million in home- and community-based services that were not...