The management firm of a nursing home has sued several executives who embezzled more than $16 million from the management company. The company manages almost 100 nursing home facilities, with 60 of them under contract with one county. Although one executive is pleading innocence, federal prosecutors allege otherwise.
The charges brought against the executives allege involvement with fraudulent transactions to buy vacation homes, private jets, luxury trips and gold bars. The money was shielded through 16 different shell companies, while the costs goods and services were inflated, allowing for discounts and kickbacks to the executives. For more, read the story.
