Thursday, April 30, 2015

Dr Bruce Allan Hagadorn charged for embezzling $220K destined for Hoag Hospital.

Posted by CotoBlogzz

Rancho Santa Margarita, Calif. - Bruce Allan Hagadorn, A physician was arraigned today for embezzling $220,000 from a hospital fund designated for to the Hoag Hospital Donation and tax evasion by willfully failing to file personal and business state income tax returns. 

According to the Orange Country District Attorney's office, Bruce Allan Hagadorn, 56, Newport Beach, is charged with one felony count of embezzlement by fiduciary of trust and eight felony counts of willful failure to file tax return, with sentencing enhancements for aggravated white collar crime and property loss. 

At the time of the crime, Hagadorn was the Chief of Staff at Irvine Regional Hospital and served as a board member of the Medical Executive Committee.

Between January 2009 and December 2010, Hagadorn is accused of misappropriating $220,000 from the medical staff account at Irvine Regional Hospital that the hospital physicians established and funded as a non-profit charitable organization. Prior to the hospital's closure in January 2009, the Medical Executive Committee members voted to donate the funds remaining in the account to the Hoag Hospital Foundation and assigned Hagadorn with coordinating the donation.

Prior to donating any funds to the Hoag Foundation, the defendant is accused of writing numerous checks from the account, paying himself in cash, and depositing the money into his personal medical practice, Canyon Pacific OB/GYN, in Irvine. 

Hagadorn is accused of willfully failing to file personal state income tax returns from 2008 to 2010, and his business income tax returns for his practice from 2009 to 2013. He is accused of knowingly failing to file his tax returns in order to avoid personal and business income taxes.

This case was investigated by the Irvine Police Department and the State of California Franchise Tax Board (FTB).

Deputy District Attorney Chuck Lawhorn of the Major Fraud Unit is prosecuting this case.

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