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Ex-NY hospital CEO charged with taking vendor kickbacks

Bloomberg BusinessWeek, September 27, 2012

John R. Reynolds, former chief executive officer of New York's Hospital for Special Surgery, was charged by federal prosecutors with taking $1.4 million in a decade-long illegal-kickback scheme. Reynolds, 63, was arrested at his home in Massachusetts yesterday, according to a statement from the office of U.S. Attorney Preet Bharara. An indictment unsealed in Manhattan federal court charges Reynolds with racketeering and making false statements to the government. He faces as long as 25 years in prison if convicted. Prosecutors claim that, from 1996 to 2007, Reynolds took money from at least two hospital vendors, a hospital employee and an unidentified healthcare organization in the U.K.