Post Date: October 25, 2016
On October 14th, the former CEO of two Alabama non-profit health clinics was sentenced to 18 years in prison for conspiracy, bank fraud, wire fraud and money laundering. He must also pay $13.5 million in restitution. This sentencing comes after he was convicted on 98 of 112 charged counts in June of this year.
Over the course of seven years, he served in various roles related to or affecting the health centers including several years as CEO of the health centers and then three years as the president, board chair and loan officer of the Birmingham credit union. In these roles, the former CEO diverted more than $16 million in funding that was to be used to provide healthcare services to the poor and homeless. As a result of his actions, several health center employees lost their jobs and one site had to permanently close its doors.
Additional information regarding this case can be found here: https://www.justice.gov/usao-ndal/pr/former-non-profit-health-clinics-ceo-sentenced-18-years-funneling-millions-grant-money.