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Execs ordered to pay big for embezzlement scheme
Nursing home crooks to pay back $12M to state
Updated: Thursday, 04 Oct 2012, 5:43 PM EDT
Published : Thursday, 04 Oct 2012, 5:39 PM EDT
PROVIDENCE, R.I. (WPRI) -- Two former executives convicted in a nursing home embezzlement scheme are ordered to pay back twice the amount of money they're accused of misusing.
A federal judge ordered Antonio Giordano and his longtime chief financial officer, John Montecalvo, to pay $12 million to the Department of Housing and Urban Development.
The agency sued the two men, alleging that they violated their contract with the government by misdirecting a combined $6 million from the failing Mount Francis Health Center in Woonsocket and the Coventry Health Centers back in 2006.
Giordano filed for bankruptcy back in October of 2011, claiming he couldn't pay back $800,000 that he owed to the IRS.
Copyright WPRI 12
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