Long-term care investment company executive agrees to pay $2.25 million to settle fraud charges
By
Lois A. Bowers
Sep 25, 2019
A Chicago businessman and his company have agreed to pay more than $2.25 million to settle charges against him without admitting or denying that he defrauded investors in the Orthodox Jewish community...
Assisted living executives face new charges, accused of defrauding 75 investors of $22 million
By
Kimberly Bonvissuto
Sep 16, 2020
The owner and an executive of a chain of assisted living communities and nursing homes have been charged with fraud for allegedly orchestrating a Ponzi scheme that defrauded at least 75 investors out of...
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,...
Former senior living employee faces up to 40 years in prison, $500,000 fine in fraud case
By
Lois A. Bowers
Sep 25, 2016
An Illinois senior living community employee faces up to 40 years in prison and a fine of up to $500,000 after pleading guilty to mail fraud and wire fraud.
Former senior living executive to repay $74 million to defrauded investors
By
Kimberly Bonvissuto
Oct 31, 2023
A former senior living executive, whose prison sentence for fraud was commuted by former President Trump as he left office, still must repay more than $74 million in restitution to his more than 1,400...
Two more sentenced in American Senior Communities fraud scheme
By
Lois A. Bowers
Jul 10, 2018
Two more defendants were sentenced Monday for their roles in a $19.4 million fraud, kickback and money-laundering scheme that previously led to prison terms for two former American Senior Communities executives.
Elder fraud scheme swindles victims out of $9.5 million in fees for false prizes, psychic services
By
Kimberly Bonvissuto
Oct 07, 2020
A Connecticut list brokerage firm pleaded guilty to facilitating elder fraud schemes resulting in at least $9.5 million in losses to victims through mass-mailing schemes.
Former ombudsman allegedly stole up to $50,000 from resident
By
Lois A. Bowers
Dec 11, 2017
A former senior advocate faces her next court date Friday after being indicted on several felony counts for allegedly stealing up to $50,000 from an assisted living resident for whom she was responsible....
Congress passes bill targeting financial exploitation of older adults
By
Amy Novotney
Mar 15, 2022
The bipartisan Fraud and Scam Reduction Act will establish a Senior Scams Prevention Advisory Group to prevent scams that target seniors. The body will create educational materials and information on model...
Former American Senior Communities vendor sentenced in fraud case
By
Lois A. Bowers
Jul 11, 2018
The fifth and last defendant was sentenced Tuesday for his role in the $19.4 million fraud, kickback and money-laundering scheme that previously led to prison terms for four others associated with American...