Former nursing home executive convicted of embezzlement agrees to $1.2 million settlement in bankruptcy court

Share this article:

A nursing home executive convicted of embezzling millions of dollars from publicly financed facilities has agreed to pay $1.2 million to the federal government to settle claims, through a deal worked out in U.S. Bankruptcy Court.

Antonio L. Giordano pleaded guilty in 2006 to siphoning money from two failing nursing homes, which ultimately defaulted on mortgages insured by the Department of Housing and Urban Development. He served more than two years in prison, and then faced a lawsuit filed by HUD in 2009. He also faced charges that he owed unpaid payroll taxes.

In 2011, Giordano filed for bankruptcy, and said he could not pay the $8 million owed to the Internal Revenue Service. Although the government argued that Giordano's bankruptcy filing was a ploy to get around paying the money he owes, the agreement filed last week is supported by HUD and the Internal Revenue Service, according to local reports. It awaits approval by a judge.

Share this article:

More in News

Nursing home antipsychotic use has dipped nearly 19% under national effort, latest figures show

Nursing home antipsychotic use has dipped nearly 19% ...

The percent of long-stay nursing home residents receiving antipsychotic medication has decreased 18.8% under a nationwide initiative that started in 2012.

Jimmo succeeds in getting Medicare coverage, two years after landmark case ended

Glenda Jimmo has reached a settlement with the federal government and will finally receive Medicare coverage for claims that were denied in 2007, which led her to file a class-action lawsuit over the so-called "improvement standard."

Breier named new CEO at Kindred

Breier named new CEO at Kindred

Kindred Healthcare announced Thursday that it has chosen a new top executive to lead its push toward creating a mammoth national brand. Benjamin A. Breier, the company's current president and ...