Fornits

Treatment Abuse, Behavior Modification, Thought Reform => CEDU / Brown Schools and derivatives / clones => Topic started by: dishdutyfugitive on September 09, 2008, 01:54:41 PM

Title: Couldn't keep their hands out of the cookie jar
Post by: dishdutyfugitive on September 09, 2008, 01:54:41 PM

From
http://www.forbes.com/finance/2008/09/0 ... t_inl.html (http://www.forbes.com/finance/2008/09/02/warnings-401k-fraud-pf-ii-in_jl_0902retirement_inl.html)

In another case announced in early August, the government reported that it is suing the fiduciaries of the 401(k) plan for employees of the Brown Schools--a group of psychiatric hospitals and boarding schools based in Austin, Texas--for failure to forward employee contributions to the company's 401(k) plan and misusing those assets to pay the operating expenses of the school.

The government says that plan administrator Rodney Young and corporate officials Robert Naples, president and chief executive officer, and Bryan Havel, assistant controller and treasurer, failed to forward employee contributions owed to the 401(k) plan. Preliminarily, plan losses to approximately 150 participants are estimated at $95,000 plus interest.

...............It's about damn time these jackasses face the music.

Title: Re: Couldn't keep their hands out of the cookie jar
Post by: Antigen on September 10, 2008, 05:15:28 PM

I heard somebody made a bundle off of Medicare fraud reporting bounties. Man, I wish something like that would come my way.