Tuesday, December 23, 2014

$2.8 Million Embezzled By University Administrator Over 6 Years

by Gary Snyder

The former executive director of the Department of Family and Geriatric Medicine at the University of LouisvilleSchool of Medicine has pleaded guilty in U.S. District Court to a seven count federal indictment, including charges of theft, bribery, money laundering, mail fraud and filing false federal income tax returns.
According to a news release from Acting U.S. Attorney John E. Kuhn Jr., Perry Chadwick Vaughn admitted to diverting contractual checks and patient payments to the University Family and Geriatric Medicine Associates account, then withdrawing $2.8 million for his personal use and benefit.
Vaughn admitted that from January 2007 through August 2013, he defrauded the Department of Family and Geriatric Medicine and its affiliated private physician practice groups, according to the release. To conceal the theft, he created false bank reconciliations and false bank statements.

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