- Associated Press - Tuesday, September 22, 2015

CHICAGO (AP) - A former owner of a now-shuttered Chicago hospital has pleaded guilty to perjury for conspiring to hide his assets in a trust account to keep prosecutors and others from collecting what was owed from a civil judgment.

Peter Rogan amassed a multimillion-dollar fortune as CEO of Edgewater Medical Center before the hospital’s 2001 collapse amid a Medicare fraud scheme.

Federal prosecutors in 2002 filed a civil lawsuit alleging he was responsible for Edgewater submitting millions of dollars of false Medicare claims.

As more than $188 million in civil judgments piled up against him, prosecutors say Rogan claimed poverty as he and his wife used money from a trust to pay personal expenses.

In his plea agreement, Rogan on Tuesday admitted the trust’s administrator, Frederick Cuppy, distributed its assets to Rogan.

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide