A recent news has emerged in relation to the former CEO of the retirement centers’ chain. John Harder has been announced a sentence of 15 years in prison for committing fraud against his investors of an amount around 130 million dollars.
John Harder charged for fraud:
According to the prosecutors, Mr Harder has been undergoing the steps that are required to commit a fraud of such stature for over 10 years now. He has been getting money from investors that considered his actions to be completely beneficial to their cause. He didn’t even leave banks out of the equation and has been reported to have taken money from banks as well. This all happened while the Sunwest management chain saw a dramatic collapse; this included around 300 assisted-living centers.
John Harder agreed to have committed this crime and pleaded guilty during the month of January. He formally accepted that he had “engaged in financial transactions relating to property that involved unlawful means”
Judge Michael Simon during the past week announced the sentence that the prosecutors were after. The attorney that was hired by the defendant kept pleading for five years but he couldn’t get them; much to the delight of the prosecutors and the victims.
The prosecutors have got no love to show for Harder and they have since the past few months been revealing facts about him that further add to his notoriety. They even mentioned that during 2006 to 2008, Harder was responsible for committing fraud involving around 1100 investors. Victims like Harder deserve no other place than a jail and behind the bars is where they need to contemplate whether they are going to improve their performance as a citizen of the US and as a human being generally or continue to visit the place after they complete their sentence. Here’s hoping that actions like these never cease to take place.
