Two Individuals And A Healthcare Management Company Indicted For Bankruptcy Fraud, Money Laundering, PPP Fraud, And Bank Fraud healthcare Management Company Executives Indicted For Fraud, Money Laundering And Bankruptcy Fraud

2/24/2023 by Brian Hamachek

Ivelisse Rivera-Padilla, Carla Carrillo-Torres, and the company VIP Healthcare Solutions, Inc. have been indicted by a federal Grand Jury in Puerto Rico. The indictment includes charges of bankruptcy fraud, money laundering, PPP fraud, and bank fraud.

Ivelisse Rivera-Padilla, the President of VIP Healthcare, is charged with making materially false representations to defraud during her bankruptcy proceedings, and concealing assets and income during the proceedings. Additionally, she is charged with 10 counts of concealing assets and 3 counts of making false statements.

The indictment alleges that Rivera-Padilla used over $1,000,000.00 of proceeds from VIP Healthcare’s bank accounts for her personal use and benefit without disclosing such income during her bankruptcy proceedings. She is also alleged to have concealed the purchase of an apartment and plot of land, and the creation and interest in a corporate entity.

Carla Carrillo-Torres and VIP Healthcare are charged with making false statements in relation to a $249,755.35 Paycheck Protection Program (PPP) Loan. The two individuals are also facing 28 counts of money laundering based on individual transactions made using funds concealed during the bankruptcy proceedings.

If convicted, Carla Carrillo-Torres may be sentenced to a maximum term of imprisonment of 30 years and a fine of $1,000,000.00. Rivera-Padilla and Carrillo-Torres face up to 10 years of imprisonment for each count of money laundering, and Rivera-Padilla faces up to 5 years of imprisonment for each count of bankruptcy fraud. VIP Healthcare also faces monetary fines for each count of conviction.

The case was investigated by the Federal Bureau of Investigation (FBI) and is a continuation of the investigation involving municipal contracts awarded in the Municipality of Cataño, which has already resulted in the conviction of multiple contractors and public officials.

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