Tinley Park dentist accused of orchestrating $1.2million fraud scheme
Chicago, Ill. – (ENEWSPF) – A suburban Chicago dentist with a practice in Tinley Park fraudulently obtained $1.2 million in medical loans for alleged dental work that was never done, an indictment alleges federal fraud.
MICHAEL D. EGAN, 58, of Orland Park, Illinois, is charged with one count of wire fraud in a criminal information filed in U.S. District Court in Chicago. The charge carries a sentence of up to 20 years in federal prison. Arrest is scheduled for 1:30 p.m. Thursday before U.S. District Judge Edmond E. Chang.
The charge was announced by John R. Lausch, Jr., United States Attorney for the Northern District of Illinois; and Emmerson Buie, Jr., special agent in charge of the FBI’s Chicago field office. The government is represented by Assistant US Attorney Kartik K. Raman.
Egan owned and operated a dental practice in Tinley Park, Illinois. The fraud charge alleges that in 2015 and 2016, Egan, the Tinley Park dentist, submitted fraudulent applications to a lending company for medical loans that were supposed to fund dental care for certain patients. In reality, Egan knew he would not, and did not, perform the dental work on these patients, the information says. In some cases, after a loan was approved, Egan caused the amount to be increased by falsely informing the lending company that additional dental work was needed, when in fact Egan knew that no additional treatment – or no treatment at all – would not be carried out. , indicates the information.
The prosecution alleges that Egan fraudulently obtained approximately $1.2 million from the lending company. After receiving the fraudulently obtained loan proceeds directly from the lending company, Egan allegedly paid some of the money to the alleged dental patients as well as the recruiters who identified the patients to apply for the loans.
The public is reminded that an information is not proof of guilt. The accused is presumed innocent and is entitled to a fair trial in which the government bears the burden of proving his guilt beyond a reasonable doubt. If convicted, the court must impose a reasonable sentence under federal law and United States sentencing guidelines.
This is a release from the United States Department of Justice.