PROVIDENCE, R.I. (AP) — A former nursing home executive convicted of embezzlement has agreed to pay $1.2 million to settle claims brought by the federal government, including a nearly $14 million judgment for diverting millions from nursing homes to himself and members of his family.
The Providence Journal reports (http://bit.ly/HwLN8L ) Antonio L. Giordano and his family agreed to the settlement last week in U.S. Bankruptcy Court. It must be approved by a judge.
Giordano was convicted of conspiracy and embezzlement for taking millions from his nursing homes — Mount St. Francis Health Center in Woonsocket and Coventry Health Center — even as they were defaulting on loans from the U.S. Department of Housing and Urban Development. He also owed money to the Internal Revenue Service.
He filed for bankruptcy in 2011.
Information from: The Providence Journal, http://www.providencejournal.com