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Embezzling Cardiologists Face Prison, Fines

By Lependorf & Silverstein

Two New Jersey cardiologists who took nearly $900,000 through so-called ?no-show? jobs at the New Jersey University of Medicine and Dentistry are facing $250,000 in fines and up to ten years in prison each for their embezzlement. The doctors, Bakul Desai, and Laxmipathi Garipalli, were each paid hundreds of thousands of dollars for their jobs, which required them to do nothing whatsoever. Apparently, the doctors did nothing other than refer cardiac patients to the hospital. No-show jobs and embezzlement are two illustrations of white-collar crimes that could lead to big penalties, incarceration, loss of professional licenses, and other damage to the reputation. Embezzlement occurs when an individual uses dishonest means to acquire money...continue to full post

Full post as published by New Jersey Criminal Defense Blog on February 28, 2008 (boomark / email).