- 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.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide