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

A small team of workers responds best in emergencies, expert says

A small team of workers responds best in ...

Long-term care providers should consider a "flat" crisis management approach that relies on a core group of staff members, experts advised Wednesday at the LeadingAge annual conference.

Nursing homes have better pain and catheter management if leaders have more ...

Nursing homes led by administrators and directors of nursing with higher levels of education and certification have better outcomes on some key quality measures, according to recently published findings.

Court green-lights charges that a healthcare network underused observation stays

A whistleblower can continue to pursue charges that a Nevada healthcare network routinely admitted people as hospital inpatients when they should have been placed in observation status, a federal appeals court recently ruled.