Tuesday, January 5, 2010

Former Nursing Home CEO Pleads Guilty

The Courant reported that Raymond Termini, former CEO of the bankrupt Haven Healthcare nursing home chain, pleaded guilty in U.S. District Court in Bridgeport to conspiracy to commit wire fraud and engaging in unlawful monetary transactions. "Termini used a $6 million loan that was supposed to reduce debt and up to $2 million for sprinklers at the nursing homes instead to buy real estate and other purposes, prosecutors said." Termini is a defendant in two of our pending wrongful death suits, and is also being sued in several other matters stemming from his involvement in the Haven homes.

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