A former owner of a now-shuttered Chicago hospital has pleaded guilty to perjury for conspiring to hide his assets in a trust account to keep prosecutors and others from collecting what was owed from a civil judgment.
Peter Rogan amassed a multimillion-dollar fortune as CEO of Edgewater Medical Center before the hospital's 2001 collapse amid a Medicare fraud scheme.
Federal prosecutors in 2002 filed a civil lawsuit alleging he was responsible for Edgewater submitting millions of dollars of false Medicare claims.
As more than $188 million in civil judgments piled up against him, prosecutors say Rogan claimed poverty as he and his wife used money from a trust to pay personal expenses.
In his plea agreement, Rogan admitted the trust's administrator, Frederick Cuppy, distributed its assets to Rogan.
