CEO of Addiction Recovery Care Indicted on Wire Fraud and Money Laundering Charges
The CEO and owner of Addiction Recovery Care is facing federal wire fraud and money laundering charges. Timmy G. Robinson Jr., from Louisa, has been indicted on one count of wire fraud and two counts of monetary transaction in property derived from specified unlawful activity. Robinson was the owner and CEO of ARC, a behavioral health and substance abuse treatment provider with facilities in the Eastern District of Kentucky, including the Riverplace men's residential treatment center in Pike County and the White Oak Hill residential treatment center in Martin County. The indictment alleges that Robinson sought tax credits totaling over $6.8 million related to employee retention during the COVID-19 pandemic. He is accused of selling the rights to these credits to multiple buyers without disclosing the transactions to each other. When the credits were received by ARC, Robinson allegedly used the funds for other operational costs instead of paying the buyers. If convicted, Robinson could face up to 20 years in prison for wire fraud and 10 years for each money laundering charge.
The indictment against Timmy G. Robinson Jr., the CEO and owner of Addiction Recovery Care, includes charges of wire fraud and money laundering. Robinson, based in Louisa, is accused of engaging in fraudulent activities related to tax credits totaling over $6.8 million. As the head of ARC, a provider of behavioral health and substance abuse treatment services in Eastern Kentucky, Robinson allegedly sold the rights to these tax credits to multiple buyers without disclosing the transactions to each other. The indictment seeks the forfeiture of any proceeds obtained through the fraudulent activities. If convicted, Robinson could face significant prison time for the wire fraud and money laundering charges.
In conclusion, Timmy G. Robinson Jr., the CEO and owner of Addiction Recovery Care, has been indicted on federal wire fraud and money laundering charges. The indictment alleges that Robinson engaged in fraudulent activities related to tax credits totaling over $6.8 million, selling the rights to these credits to multiple buyers without disclosing the transactions to each other. If convicted, Robinson could face a maximum prison sentence of 20 years for wire fraud and 10 years for each money laundering charge.