Senior living operators, the ball’s in your court
It’s a bit troubling to watch bad moves made by skilled care operators repeated in senior living. Yet it continues to happen.
Fraud
Assisted living executives face new charges, accused of defrauding 75 investors of $22 million
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 at least $22 million, the Department of Justice announced late Monday.
Former Chicago-area nursing home executive charged with skimming $1M in federal funds
The former owner of several Chicago-area nursing homes was indicted last week on charges of skimming $1.1 million in federal funds.
Nursing homes previously sued for Medicare fraud received hundreds of millions in coronavirus relief funds: Washington Post
For-profit nursing home operators that have faced accusations of Medicare fraud and kickbacks in recent years received more than $300 million in coronavirus relief payments, according to a Washington Post analysis released Tuesday. The allegations include putting elderly residents into unnecessary therapy services and delaying patients’ release to reap higher Medicare payments.
Assisted living loan leads to discovery of $6 million fraud
A Virginia financial adviser’s $6 million fraud was discovered after a client attempting to obtain a bridge loan to cover relocation expenses to an assisted living community discovered that the adviser took out an $800,000 loan in her name without her consent.
27 California SNFs controlled by Longwood Management pay $16.7M to settle federal fraud allegations
A California-based skilled nursing operator, along with 27 of its affiliated facilities, accused of therapy upcoding is settling federal fraud allegations for $16.7 million.
Second defendant agrees to pay $2.25 million to settle fraud charges against long-term care investment company
The second defendant in a scheme to defraud investors in the Orthodox Jewish community who invested in assisted living communities and nursing homes throughout the Midwest has settled his case with the Securities and Exchange Commission, agreeing to pay $2.25 million.
$1.8 million healthcare scam defrauded senior living residents, Justice Department says
An Omaha, NE, man was sentenced to 46 months in prison for using the personal information of senior living residents in several states to defraud Medicare and state Medicaid agencies out of thousands of dollars through fraudulent claims, the Justice Department said Tuesday.
New manual highlights ways senior living employees can protect residents from financial exploitation
The federal Consumer Financial Protection Bureau released a manual Tuesday specifically designed to help assisted living community and nursing home managers spot the signs of financial abuse and protect residents and the facilities.
Residents an obvious target for financial scammers: expert
In any given year, the FBI estimates that millions of U.S. older adults are defrauded to the tune of approximately $3 billion. Further, just one in 44 of those cases are ever reported, according to the National Adult Protective Services Association.
