CHICAGO, Feb 25 (Reuters) – A former municipal banker at
Bear, Stearns & Co, pleaded guilty on Wednesday to fraud
involving hospital financing that is part of a wide-ranging
probe of government corruption in Illinois.
P. Nicholas Hurtgen, who had been set to go on trial in
U.S. District Court next month, pleaded guilty to one count of
aiding and abetting a scheme to defraud Illinois’ health
facilities planning board, which was weighing a proposal Read the rest of this entry »
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By Andrew M. Harris
Feb. 25 (Bloomberg) — P.
, a former Bear
Stearns Cos. managing director, pleaded guilty to a fraud charge
for his role in helping two men advance a plot to win a Chicago-
area hospital construction contract.
Hurtgen, 46, of Glencoe, Illinois, entered his plea to
aiding and abetting wire fraud today before U.S. District Judge
in federal court in Chicago. A trial had been
scheduled to start March 9. Prosecutors agreed to Read the rest of this entry »
Tags: bear, charge, executive, former, fraud, guilty, pleads, Stearns Posted in Health | No Comments »