Nursing home exec accused of skimming funds

Updated 7/31/2020 6:00 PM

The owner of several Illinois nursing homes, including locations in Northbrook, Inverness and St. Charles, has been indicted on a charge of skimming money from federally insured facilities that had defaulted on mortgage loans to pay expenses of a non-federally insured facility, authorities announced.

Cahill Rosewood CEO Mark Yampol, 57, of St. Louis is charged with one count of equity skimming, according to an indictment returned Wednesday in U.S. District Court in Chicago. The charge is punishable by up to five years in federal prison. A date for arraignment has not yet been set. According to the indictment, from May 2015 to August 2015, Yampol diverted approximately $1.1 million in funds.

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