Cases / Lending & cash advance
Allied Health Care Services Inc
Charles K. Schwartz
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Allied Health Care Services Inc
- Industry
- Bank loan fraud using phony medical equipment leases
- How investors were recruited
- Banks and other financial institutions, induced to fund leases of nonexistent medical equipment using phony supplier invoices.
- Pitch & red flags
- Phony lease agreements and false invoices for nonexistent equipment, with a purported supplier returning funds minus 3-5%; proceeds used to repay earlier fraudulent loans
Source
Related cases · Lending & cash advance
All lending & cash advance cases →