Richard P. Webb, 42, of Boston, Massachusetts, was charged today with embezzling more than $1 million from Beth Israel Deaconess Medical Center where he had been employed as a manager in their ear, nose and throat department. According to authorities, from January 2006 through April 2009, Webb misappropriated monies from 170 patients and several vendors, depositing their checks into his own bank account. He also is alleged to have obtained fraudulent refunds for hearing aids and other items. The total amount alleged to have been misappropriated is $1,054,712. Webb has reportedly agreed to plead guilty and faces up to 10 years in prison, plus restitution and a fine of as much as $2.1 million.
Read the story here, here and here.
Read the DOJ announcement here.
Update (3.3.10): Webb pleaded guilty today and is scheduled for sentencing on June 9, 2010. He is expected to get 42 months in prison, plus restitution.
Update (3.10.10): Webb was sentenced yesterday to 3 1/2 years in federal prison and ordered to pay full restitution of more than $1 million.
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