Nursing home exec accused of skimming funds
The owner of several Illinois nursing homes, including locations in Northbrook, Inverness and St. Charles, has been indicted on a charge of skimming money from federally insured facilities that had defaulted on mortgage loans to pay expenses of a non-federally insured facility, authorities announced.
Cahill Rosewood CEO Mark Yampol, 57, of St. Louis is charged with one count of equity skimming, according to an indictment returned Wednesday in U.S. District Court in Chicago. The charge is punishable by up to five years in federal prison. A date for arraignment has not yet been set. According to the indictment, from May 2015 to August 2015, Yampol diverted approximately $1.1 million in funds.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.