Two More Sentenced in ASC Fraud Scheme

Posted: Updated:
INDIANAPOLIS -

A federal judge has sentenced two more people for their roles in the fraud scheme involving American Senior Communities. The defendants in Monday's sentencing hearings include former ASC Chief Financial Officer Steven Ganote and Josh Burkhart, brother of former ASC Chief Executive Officer James Burkhart.

U.S. District Court Judge Tanya Walton Pratt sentenced Ganote to 60 months in prison and two years of supervised release. He must also pay $7 million in restitution for his role in the scheme, which defrauded ASC, the Health & Hospital Corp. of Marion County, and others of more than $19 million.

Josh Burkhart was sentenced to four months in prison, two years of supervised release and $420,000 in restitution. His brother was sentenced late last month to more than nine years in prison and must pay full restitution.

U.S. Attorney Josh Minkler's office says the defendants hatched a scheme to accept kickbacks from ASC vendors and shell companies. Former ASC Chief Operating Officer Daniel Benson was sentenced last week to 57 months in prison for this role in the scheme.

One final defendant, David Mazanowski, awaits sentencing. His hearing is scheduled for 2:00 p.m. Tuesday.

  • Perspectives

    • Unmasking Accounting Data: Moving from Reporting to Being Strategic

      What story do our financial statements tell us this month and year, to date? This was the question that was always directed at us by a former manager.  He believed that financial statements tell the story of how a business is run and the direction it’s going. Most businesses publish their profit and loss statements, and balance sheets every month. These are the standard reports included in most reporting packages. Usually, the management tends to believe...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Apartment Building Development Coming to Rushville

      A Knightstown company has announced plans to build four new apartment buildings in a $5.25 million development in Rushville. Villa Buildings will be built by KDC Investments, Inc on West 16th Street in Rushville.

    • The Mystery of Cancer in Firefighters: Two Indiana Researchers Uncover Clues

      There’s a lot of conjecture about cancer in the world of firefighting, but a crescendo of anecdotal—and scientific—evidence is driving two Indiana researchers to search for answers. 

    • BraunAbility Moving Global HQ to Carmel

      A manufacturer of wheelchair vehicles and wheelchair lifts in Pulaski County has announced plans to relocate its global headquarters to Carmel. BraunAbility says it will invest $7.5 million to move its HQ to the Lakeside Green Business Center and construct a new Research & Development and Technology Center. The Indiana Economic Development Corp. says the move will create up to 70 jobs in Hamilton County. The company says the investment will also boost its existing...

    • New Standard Deduction: Do you still Itemize?

      After years of itemizing deductions, many taxpayers will be taking the new larger standard deduction on their 2018 tax return. This may be a welcome change for some.  But for others, it may be time to rethink the strategy for expenses that were deductible.  The Tax Cuts and Jobs Act (TCJA) that passed in December 2017 increased the standard deduction effective for tax years beginning in 2018.  By increasing the standard deduction, a taxpayer’s taxable income is...

    • Indy Eleven Rallies For State Stadium Support

      Indy Eleven leadership, players and fans Thursday rallied at the Statehouse for support of a measure creating a public-private partnership to help fund a $150 million soccer stadium. Lawmakers are considering a measure that would allow the team to work with city leaders for two years on development plans for the venue, which would be funded by developer-backed bonds. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman, team owner Ersal Ozdemir said the...