Former Sunwest Management CEO Jon Harder may no longer be behind bars, but he is not out of legal trouble. A judge on Monday ruled that Harder must repay $79.5 million to investors he defrauded over a decade ago. Harder was charged with 56 counts of fraud in 2012, tied to his role in defrauding […]
Sunwest Management
The former CEO of an Oregon-based senior housing development and management firm who pleaded guilty to fraud in 2015 saw his prison sentence commuted by former President Donald Trump late Tuesday. Jon Harder, former CEO of Sunwest Management, had served five years of a 15-year sentence when Trump announced 143 pardons and commutations in one […]
Christopher Brogdon stands accused of defrauding investors in senior care properties. An industry veteran, Atlanta-based Brogdon is the current president and director of Global Healthcare REIT and until recently served on the board of AdCare Health Systems (NYSE MKT: ADK). Since 1992, Brogdon has raised $190 million from investors through municipal bond and private placement […]
This week, our readers wanted to know where some senior housing providers are setting their sights for recruiting young talent. Readers also delved into another installment of “CEO Fresh Take” with Doug Lieidig, CEO of Asbury Communities Inc. Most Read Top Providers Pluck Fresh, Well-Trained Talent for Leadership Roles—With turnover rates around 50% for executive […]
A former CEO of an Oregon-based senior housing development and management company is facing up to a 15-year prison sentence this week in the conclusion of the state’s largest fraud case ever. Jon Harder, 49, was the top executive of Sunwest Management Inc. before being indicted in 2012 for defrauding more than 1,000 investors out […]
The former CEO of a Salem, Oregon senior housing owner, developer and management company is changing his plea today in a U.S. District Court, as he stands accused of defrauding more than 1,000 investors out of $130 million from an alleged Ponzi scheme that ran from 2006 to 2008. On Thursday, ex-Sunwest Management President and […]
This past week, HCP (NYSE:HCP) was the latest healthcare real estate investment trust to make a mammoth move in the senior housing space with the $1.73 billion acquisition of a 133-property portfolio owned by an Emeritus Corp. (NYSE:ESC) and Blackstone Group joint venture. By all accounts, it seems like it was a good deal for […]
A federal judge has dismissed the Securities and Exchange Commission’s (SEC) request to slap Sunwest Management Inc.’s former chief executive officer Jon Michael Harder with at least $180 million in civil penalties. The SEC accused Harder of overseeing a corporate fraud scheme that caused investors to lose more than $130 million, but U.S. District Court Judge […]
The former CEO of assisted living chain Sunwest Management voluntarily surrendered to U.S. Marshals last Friday prior to pleading not guilty during his arraignment for 56 counts of fraud in relation to his role in defrauding investors out of approximately $130 million. Oregon and North Dakota resident Jon Michael Harder was the founder, majority owner, […]
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