A dentist from a suburb of Chicago was given a sentence of two and a half years in federal prison for getting $1.2 million in medical care loans for dental procedures that he allegedly never did.
Michael Egan, 57, of Orland Park, pled guilty to wire fraud earlier this year. On Tuesday, following a hearing in federal court in Chicago, U.S. District Judge Edmond E. Chang imposed a sentence.
In Tinley Park, Egan established and maintained a dentistry office. In 2015 and 2016, Egan filed false applications to a lending organisation for medical care loans, ostensibly to cover the dental treatment of a select number of individuals.
Egan knew he would not undertake dental procedures on those patients, therefore he did not. After a loan was given, Egan would sometimes tell the lender that he needed more dental work, which led to the loan amount going up.
Egan paid a percentage of the lent funds to the purported dental patients as well as to the recruiters who had identified the patients as candidates for the loans.