A nursing home employee, serving as chief financial officer, chief operating officer, and administrator, has been found guilty of stealing retirement fund money in the amount of nearly $4 million. The money meant for employees' retirement was transferred to a personal account and a religious account where the officer was listed as a trustee.
The Department of Labor (DOL) has sued the nursing home and the chief financial officer in the theft. The DOL proposes to remove the CFO from all duties in connection with the finances of the retirement account for now and in the future, among other recommendations. For more, read the story.
