The Hartford Courant had an article about the Haven Healthcare executive Raymond Termini being sentenced after admitting diverting millions of dollars from the financially troubled chain. Prosecutors are only seeking a prison term of 27 months.
Termini pleaded guilty to fraud charges stemming from the diversion of funds that were supposed to pay for the operation of the nursing home. Instead, millions were put into accounts controlled by Termini or his wife. Haven Healthcare, with 24 homes — 15 in Connecticut — filed for bankruptcy in 2007 following a series of stories in The Courant that detailed the chain’s financial problems and citations for deficient patient care. Termini resigned as chief executive seven months later, and the homes have since been sold.
U.S. Attorney Nora Dannehy said that nursing home executives have a special duty to run their businesses cleanly, because money misappropriated from the homes means money not available for patient care.
Termini is asking a judge to impose only probation and community service, claiming his humiliation and the damage to his reputation are punishment enough. What a joke.
He should get 10 years. The sentencing guidelines are too lax.