Median loss to fraud higher for adults in their 80s than for any other age group: FTC
By
Lois A. Bowers
Nov 01, 2021
Adults 80 or older who made fraud reports to the Federal Trade Commission’s Consumer Sentinel Network, or who had reports made on their behalf, lost a median of $1,300 to fraud in 2020, according to...
ASC’s former CEO sentenced to 9.5 years in federal prison for role in $19.4 million fraud scheme
By
Lois A. Bowers
Jul 02, 2018
Former American Senior Communities CEO James Burkhart was sentenced Friday to 9 1/2 years in prison for his role in what U.S. Attorney Josh J. Minkler described as a “massive fraud, kickback and...
A collection of cases of fraud or alleged fraud against older adults announced Thursday involves more than 260 defendants from around the world, with losses totaling more than $750 million, topping a similar...
Assisted living company owner linked to Trump-Russia investigation indicted for alleged $1.2 million...
By
Lois A. Bowers
Feb 08, 2019
A South Dakota businessman alleged to be a potential link between the Trump campaign and the Russian government has been indicted on 11 unrelated counts of wire fraud and money laundering in part for allegedly...
Former senior living executive’s bankruptcy might jeopardize $86 million investor repayment plan
By
Lois A. Bowers
Sep 21, 2017
An Atlanta-based businessman accused by the SEC of misusing investor funds raised to purchase and renovate senior living facilities has filed for bankruptcy, calling into question his ability to fulfill...
Bank exec overseeing senior living-related bond offerings fined $55,000
By
Lois A. Bowers
Mar 08, 2017
A former bank executive responsible for a department overseeing what later was determined to be a series of fraudulent bond offerings by Christopher Brogdon will pay a $55,000 fine and will never work...
Former American Senior Communities COO gets 57-month prison sentence
By
Lois A. Bowers
Jul 09, 2018
Former American Senior Communities Chief Operating Officer Daniel Benson was sentenced Friday to 57 months in federal prison for his role in a $19.4 million fraud, kickback and money-laundering scheme...
Priest accused of stealing $535,000 from retirement home bank account
By
Lois A. Bowers
Apr 06, 2017
A Roman Catholic priest who was responsible for overseeing an Archdiocese of Philadelphia retirement home bank account was charged with four counts of wire fraud on Wednesday for allegedly diverting more...
Medicaid fraud discovered because of murder pushes nationwide assisted living monetary recoveries to...
By
Lois A. Bowers
Apr 01, 2020
Efforts by state Medicaid Fraud Control Units resulted in a total of 23 criminal convictions and more than $2.2 million in criminal monetary recoveries related to assisted living in fiscal year 2019, according...
Feds sue to seize $30 million in properties owned by purported senior living developer
By
Lois A. Bowers
May 30, 2017
Federal prosecutors are suing to seize nine properties, worth a total of $30 million, that they say a purported senior living community developer bought with proceeds from a multimillion dollar scheme...
