By SCM Staff Writer
WASHINGTON – A greedy nursing home tycoon has been caged for seven-and-a-half years after swindling millions of pounds meant for the care of vulnerable OAPs.
Rotten CEO Kevin Breslin, 58, was yesterday sentenced in the US over a massive health care and tax fraud scheme that put his elderly residents at risk.
His company, KBWB Operations LLC, which traded as Atrium Health and Senior Living, was hit with a staggering $146 million (approx. £115 million) restitution order. Breslin, of Hoboken, New Jersey, must pay the same amount.
The crooked boss, who ran a chain of 23 skilled nursing facilities, was found to have unlawfully diverted vast sums from federal funds intended for patient care.
Instead of paying for vital running costs, the cash was allegedly used for “personal expenses and other purposes,” with Breslin prioritising “multi-million-dollar owner distributions” regardless of his company’s shaky financial state.
The chilling scheme led to unpaid vendors and, according to prosecutors, resulted in residents not receiving ‘adequate care’.
But the fraud didn’t stop there. Breslin, who pleaded guilty in December 2024, also ripped off his own staff and residents.
He was found to have pinched health insurance premiums and 401(k) pension contributions straight from his employees’ paycheques.
Even worse, the court heard money was also swiped from resident accounts and the firm failed to pay over withheld employment taxes to the IRS.
Assistant Attorney General Brett A. Shumate said the crime was a serious blow to the public. “Health care fraud drives prices up for all Americans and can cause serious negative outcomes for patients,” he said.
FBI officials slammed the “misuse [of] taxpayers’ money for personal gains and at the expense of people needing quality healthcare.”
Breslin, one of six owners of KBWB-Atrium, was hit with a 90-month prison sentence. The company also pleaded guilty to the charges.
