Being an executive of a large company in California or elsewhere is a large task with many duties. Thus, when one fails to fulfill these duties or the company begins to experience a downturn of events, an investigation could proceed. This could bring to light some questionable acts, even resulting in criminal allegations. This does not only create hardships for the executive’s personal and professional reputation as they navigate the possible criminal consequences, but it could also cause a company to fail.
White collar crime allegations
According to recent reports, the Tulare County District Attorney charged three executives of the company that ran the Tulare Regional Medical Center with various white collar crimes. These individuals face a combination of 80 felony and misdemeanor criminal counts. The charges include embezzlement, campaign finance violations, conspiracy, money laundering and grand theft.
These charges are only the latest development that involved Healthcare Conglomerate Associates. Based on reports, there has been a three-year period of controversial administration of the company. This involved patient deaths, failed bond measures, the closure of the hospital, bankruptcy and the eventual takeover in 2018 by Adventist Health.
If convicted, two of the individuals charged could face over a decade in prison. The third could face over four decades in prison. All are accused of using their control of a public hospital as a means to enrich themselves. They are suspected of improperly using taxpayer money and private loans to benefits themselves. It was purported that their alleged acts caused harm to the hospital, its employees, patients and the families of patients that suffered unnecessary deaths.
Facing criminal allegations related to white collar crimes can be a serious and life-altering situation. Therefore, it is important that those accused of such crimes take the time to fully understand the charges they face and the criminal defense options available. This could help reduce or dismiss some or all of the charges faced. This could help reduce the penalties faced, even clearing one’s name.