Executive charged with stealing $7.6M from company
BATON ROUGE - A former corporate executive has been charged with engaging in a scheme to steal more than $7.6 million from a Baton Rouge-based company that provides home health services.
A court filing says 41-year-old David Michael Pitts intends to plead guilty to the wire fraud charge that U.S. Attorney Walt Green's office filed against him on Wednesday.
Pitts was a vice president for Amedisys Inc. from 2005 through July 2014 and was responsible for the company's corporate tax matters.
Green's office says Pitts created a phony company named "Stonehenge Entertainment" to sell fictitious tax credits to Amedisys, then diverted money from those sales to his personal bank accounts through a string of wire transfers.
On its website, Amedisys says it provides home health and hospice care to approximately 380,000 patients annually.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Suspect had child in car during high-speed chase down I-10, caught at...
New mixed development on Highland Road in the works
NOLA mayor claims Baton Rouge helping to staff Mardi Gras patrols
Final phase of Pecue Lane Expansion Project kicks off Tuesday; expected to...
Family attorney for Madi Brooks speaks out - 'Brooks was unable to...