Trump may bypass Congress under new bid to get Medicaid block grants … Retirement home’s responsibilities debated as resident claims discrimination in $1M lawsuit … Physician assistant pleads guilty...
Businessman in alleged seniors housing bond scheme may pay $460,000 in settlement
By
Lois A. Bowers
Dec 06, 2018
A businessman accused of participating in a bond scheme alleged to have defrauded seniors housing investors will pay almost half a million dollars to resolve his case if a proposed settlement is approved...
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...
Senior living executive settles in $3.9 million SEC fraud case
By
Lois A. Bowers
Jul 12, 2017
A South Carolina businessman has settled with the Securities and Exchange Commission after being charged in January in a $3.9 million fraud case for allegedly diverting investor funds meant to buy or renovate...
More news for Thursday, April 13
Apr 12, 2017
This is what retirement looked like in 1970 … BOKF seeks dismissal of class action suit over Brogdon-related bonds … Focus on Alzheimer’s disease shifts to prevention … Independent...
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...
Senior living bond offerings spur second lawsuit against bank holding company
By
Lois A. Bowers
Mar 16, 2017
A second lawsuit has been filed against a bank holding company in relation to series of senior living-related bond offerings, some of which were later determined to be fraudulent and some of which have...
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...
SEC charges senior living executive with fraud, freezes assets
By
Lois A. Bowers
Jan 23, 2017
A South Carolina businessman has been charged with fraud and has had his assets frozen after the Securities and Exchange Commission alleged that he diverted funds raised from investors to buy or renovate...
5 big issues in senior living in 2016
By
Lois A. Bowers
Dec 29, 2016
Looking back on our coverage of the senior living industry and the issues that affected it in 2016, several common themes emerge. Five are detailed in this year-end review.