Nursing homes owner indicted for skimming $1.1 million from federally insured facilities

Nursing homes owner indicted for skimming <img width=

An indictment of allegedly skimming $1.1 million from federally insured facilities has been returned in US District Court in Chicago on Wednesday against an owner of several nursing homes in Illinois.

Mark Yampol, a 57-year-old St. Louis man, has been charged with one count of equity skimming. According to law officials, Yampol can face a sentence of up to five years in federal prison upon conviction. The court will set a date for arraignment in this case later.

According to the court documents, a portfolio of several nursing homes in Illinois was controlled by Yampol. These nursing homes were operating in North Brook and St. Charles. Yampol’s nursing homes were insured by the US Department of Housing and Urban Development. The Department provided mortgage loans made by private lending institutions to the nursing homes controlled by Yampol.

According to the indictment, Yampol allegedly diverted almost $1.1 million derived from the HUD-insured facilities to cover the operating expenses of the non-HUD-insured facility. Moreover, the Department defaulted the insured facilities for not making mortgage payments on time by March 1, 2015. John R. Lausch, the US attorney for the Northern District of Illinois, and Rae Olivier Davis, the inspector general of the US Department of Housing and Urban Development, announced the indictment.

Davis said, “We would like to acknowledge our partners at the US Attorney’s Office, who have worked tirelessly to bring this case forward.” Devlin Su and Kathryn Malizia, the assistant US attorneys, are representing the government in the case. The US Attorney’s Office is committed to ensuring the integrity of the programs launched by the HUD. Most of their programs are designed to assist vulnerable populations across the US. The public should know that an indictment is not evidence of guilt. It is the responsibility of the government to prove a defendant guilty beyond any reasonable doubt.

Senior editor of the Chicago Morning Star

Related Posts
COVID-19 Deaths Spur at Nursing Homes
COVID-19 deaths are rising at nursing homes. According to Pritzker’s administration information release on Sunday,
Two Federal Defendants Indicted on Charges Related to Attempted Escape from Sangamon County Jail
SPRINGFIELD, Ill. – Two federal defendants who were housed at the Sangamon County Jail, in
Deininger Floral Spreading Love To More Than 540 Residents On Valentine’s Day
FREEPORT, ILLINOIS — Whether during a pandemic or “normal” times, Valentine’s Day or no holiday
FHN Expands Mammogram Hours In Freeport
FREEPORT, ILLINOIS — Though it’s tempting to let things “slide” as we practice pandemic safety
Federal Indictment Charges Department of Veterans Affairs Procurement Supervisor With Pocketing Kickbacks
CHICAGO — A procurement supervisor at the Jesse Brown Veterans Affairs Medical Center in Chicago
Illinois Supply Chain Management Training Program
State of Illinois and ASCM Launch First-of-its-Kind Training Program to Prepare Residents for Jobs Fuled
Naperville Fire Department Leaders Attain Chief Fire Officer Status
NAPERVILLE, Ill. — The Naperville Fire Department is proud to announce its entire chief officer staff
Springfield Woman Indicted on Charges of Fraud Related to Small Business Administration COVID-19 Disaster Loan Program
SPRINGFIELD, Ill. – A grand jury today returned an indictment that charges a Springfield, Ill.,
Education rule changes will provide students with a more equitable education
SPRINGFIELD – The Illinois Education Association (IEA) and the Illinois Federation of Teachers (IFT) announce their
Rockford Man Sentenced to 9 Years in Federal Prison for Distributing Cocaine and Illegally Possessing Firearm
ROCKFORD — A Rockford man was sentenced Wednesday by U.S. District Judge John Z. Lee