“Dallas KwanzaaFest honors black heritage and health - Dallas Morning News” plus 1 more |
| Dallas KwanzaaFest honors black heritage and health - Dallas Morning News Posted: 11 Dec 2010 12:14 PM PST TO This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php This posting includes an audio/video/photo media file: Download Now |
| Health care account scammer bought Bentleys, faces prison - Chicago Sun-Times Posted: 10 Dec 2010 10:16 PM PST Health care account scammer bought Bentleys, faces prisonBY ART GOLAB Staff Reporter Dec 11, 2010 12:26AM 2009 Rolls Royce Phantom SOME OF THE CARS IN JEREMY BLACKBURN'S GARAGE: 2009 Rolls-Royce Phantom 2009 Aston Martin DBS 2009 Ferrari 430 A Bolingbrook man who left thousands of people scrambling to pay their medical bills after he stole millions from their health savings accounts will go to prison for 15 to 20 years under a plea deal entered in federal court Friday. Jeremy Blackburn, former president and CEO of Chicago-based Canopy Financial, admitted he used the stolen money to buy a fleet of luxury autos that included two Bentleys, a Rolls-Royce, two Lamborghinis, an Aston Martin and a Ferrari. Under the agreement Blackburn, 37, pleaded guilty to one count of wire fraud. Blackburn also used the stolen funds for home renovations, sports tickets, jewelry, watches and to buy time on a private jet, according to the plea agreement. Blackburn's company, Canopy Financial, served as an Internet go-between for individuals, banks and health insurance companies using health care savings accounts and flexible spending accounts. Besides taking part in a scheme to raid health accounts for $18 million, Blackburn also admitted to helping defraud investors in his company to the tune of $75 million. Blackburn and another company official, Anthony Banas, prepared phony financial documents that deceived investors into putting money into Canopy Financial, which went bankrupt in 2009, prosecutors said. Banas, 33, of Homer Glen, pleaded guilty to wire fraud in September. Most of the individuals with affected health accounts stand to lose a maximum of $3,000. While some have been repaid by organizations that partnered with Canopy, others have not, and are standing in line with other creditors in bankruptcy court. "For those of us who have lost money through this deal it's sort of a hollow victory," said Lon Nestrud, of Denver, who had about $2,000 in a health savings account managed by Canopy. "We'd really like to see our money back, but most of us have written that off." This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php This posting includes an audio/video/photo media file: Download Now |
| You are subscribed to email updates from Add Images to any RSS Feed To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 comments:
Post a Comment