Operator of nursing homes in Bridgeport and Waterbury is imprisoned for stealing millions from employee benefit plans
Edmund H. Mahony, Hartford Courant
The operator of a nursing home group based in Bridgeport and Waterbury was sentenced to two and one-half years in prison Tuesday for embezzling millions of dollars from his employee benefit plans, leaving employees without health coverage and retirees struggling with delays in pension pay outs.
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Federal prosecutors said Chaim Stern, 72, of New York diverted hundreds of thousands of dollars to personal expenses. But they said Stern diverted far more to a faith-based charity he controlled in New York in an effort to maintain his position as a leader in his Hasidic community.