Ex-CFO at broke Jerome Golden medical associated with payday loans scandal

Ex-CFO at broke Jerome Golden medical associated with payday loans scandal

Saturday

For two decades, Alan Heide sent promising reports on board in the Jerome Golden middle for behavior wellness: The mental health medical center that acts the region’s many prone were climbing out of debilitating personal debt.

In reality, the middle ended up being hemorrhaging funds as well as on the verge of bankruptcy proceeding, board president Jimmy Miller told The Palm coastline Post.

And Heide, towards the surprise of these who had retained him simply couple of years before, had been under a federal criminal probe for their character in a not related payday loan Ponzi scheme.

Heide, 61, abruptly stop in August. A couple of weeks afterwards he had been indicted on a federal fee of conspiracy to commit securities fraud. He pleaded guilty Aug. 23.

“We knew we were perhaps not in a great financial position, it absolutely was tight, but we did not understand we had been at that amount,” Miller stated.

The specific situation was actually so dire that four time after Heide’s indictment, the center lent $675,000 from a board associate, Jerry Golden, that has contributed $one million toward healthcare facility in 2011, prompting a reputation change from Oakwood heart with the hand shores.

The cash kept the center on 45th road near St. Mary’s Medical Center afloat in September and partially settled earnings to its 350 staff members, Miller stated. Continue reading “Ex-CFO at broke Jerome Golden medical associated with payday loans scandal”

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