The Golden Girls Rush | The Case of Four Seasons Nursing Centers of America
Before Medicare, nursing homes were often just old motels or converted bowling alleys. But after the landmark program became the law of the land, money flooded the industry and along with it, wildcatters looking to strike it rich. One early player, Four Seasons Nursing Centers of America, boomed and busted in spectacular fashion and at the center of it: fraud.
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REFERENCES
Thank you to our sponsor, Xero
To learn more go to http://ohmyfraud.promo/xero
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email support@earmarkcpe.com.
REFERENCES
- U.S. INDICTS EIGHT IN SALE OF STOCK IN NURSING HOMES [NYT]
- YEAR IN JAIL GIVEN FOR STOCK FRAUD [NYT]
- 2 Ex‐Walston Officers Plead Guilty to a Fraud [NYT]
- $40,000 FINES SET IN 4 SEASONS CASE [NYT]
- 3 Found Not Guilty Of Securities Fraud In 4 Seasons Case [NYT]
- INVESTMENT: Golden-Age Fraud [TIME]
- Great frauds in history: Jack Clark’s nursing homes [MoneyWeek]
- FOUR SEASONS NURSING CENTERS OF AMERICA, INC. [Case Study]
- Stocks Of The Fevered Fifty Publicly Traded Nursing Home Companies Soar, Then Crash [SeniorLiving.org]
Before Medicare, nursing homes were often just old motels or converted bowling alleys. But after the landmark program became the law of the land, money flooded the industry and along with it, wildcatters looking to strike it rich. One early player, Four Seasons Nursing Centers of America, boomed and busted in spectacular fashion and at the center of it: fraud.
Creators and Guests
Host
Caleb Newquist
Writer l Content at @GustoHQ | Co-host @ohmyfraud | Founding editor @going_concern | Former @CCDedu prof | @JeffSymphony board member | Trying to pay attention.
