TAC Publisher Pleads Guilty to sale of Unregistered Security
ALABAMA: Dr. Richard E. Busch, Jr., pleaded guilty on May 30 to one count of conspiracy to sell unregistered securities in the state of Alabama.
Richard E. Busch Jr., of the Republic of Panama, acknowledged before a U.S. District Judge that he participated in the conspiracy. “Apparently, I did,” he said. “It’s been a long time.”
Busch was one of the directors and the chief trader of The Millennium Fund, a Belizean investment fund created in 1996 to offer investors the opportunity to take advantage of the fluctuations inherent in the markets.
Under the “conspiracy” charge, Dr. Busch is guilty by law of the “sale of unregistered securities” since he and his then partner, John R. La Tourette Jr. of Costa Rica, contracted a marketing firm in the Republic of Panama, who then subcontracted an Alabama-resident to promote the fund. Busch’s attorney, Tommy Spina states “had these securities been registered, there never would have been a crime committed”.
Others involved in this case were William Amos Jr. and Commercial Business Trading Corp., Alablama businessman James Michael Hanks, former Alabama quarterback Brian Burgdorf, and Stephen Bowden of Alabama. Hanks, Burgdorf and Bowden pleaded guilty earlier to their roles in the offense. Each received probation and was ordered to pay restitution.
Busch, has been held in federal custody since his March arrest in Panama by the FBI. Adjudication in this matter should be within the next six weeks and The American Chiropractor staffs hopes to have its publisher back soon.
The Birmingham News & TAC
Connecticut Makes Chiropractors’
Malpractice Records Public
CONNECTICUT: On May 12, the Connecticut House of Representatives unanimously approved legislation which would—for the first time in Connecticut—make chiropractor malpractice records public information. This follows the unanimous approval by the state Senate on April 11th. The bill now goes to the desk of Governor M. Jodi Rell for her signature. The bill would require insurance companies to inform the state insurance commissioner whenever there has been a settled malpractice claim so that the information can be published for the public to make informed decisions about picking a chiropractor, just as been the case for years regarding medical doctors.
“We are delighted that legislators agree the people of our state have a right to make informed decisions about their health care,” said Janet Levy, president of Victims of Chiropractic Abuse.
Insurance Journal
Chiropractor Wins the PWHF
Senator Hugh Farley Award
NEW JERSEY: The Professional Wrestling Hall of Fame and Museum (PWHF) presented Dr. William “Billy” Darnell with the Senator Hugh Farley Award at the PWHF’s Sixth Annual Induction Weekend held in Amsterdam, New York on May 18-19, 2007. The Farley honoree is chosen by committee and is based upon two criteria: wrestling achievements and significant contributions to society outside of the squared circle. Dr. Darnell’s service to his fellow man through his chiropractic career was a decisive factor in his selection. During his career, Billy wrestled in the U. S., Canada, Mexico and even Cuba. He once held the Junior Heavyweight title while wrestling in California and he and Bill Melby were World Tag Team Champions during the mid-1950’s.
Billy knew that his wrestling career would not last forever and began preparing for his second profession by entering the Los Angeles College of Chiropractic in 1957. He continued his mat activities in California but, after two years, it was time to change territories. He transferred to the Lincoln College of Chiropractic in Indianapolis and graduated with his Doctor of Chiropractic degree in 1961. He wrestled for a short time afterwards but had his last match in 1961.
As a chiropractor, Billy has treated patients for over forty-five years. He continues to treat loyal patients who refuse to let him fully retire. He is a past member of the American Chiropractic Association and the New Jersey Chiropractic Association. He uses modern and traditional methods including electrotherapy, Nimmo Receptor Tonus Technique, hypnosis and continually updates his knowledge of new techniques and incorporates them into his practice.
Chiropractor Gets Probation, Fine,
Suspension in Insurance Scam
NEW JERSEY: A Fair Lawn chiropractor who admitted bilking an insurance company of nearly $10,000 was sentenced in late April to a year’s probation and suspension of his license for three years. Marc Centrelli, 46, of Sparta, had pleaded guilty Jan. 11 to over-billing Selective Insurance Co.
Centrelli admitted submitting $9,725 in claims for sessions that didn’t occur between April 30, 2003, and Feb. 11, 2004, according to the New Jersey Attorney General’s Office.
Superior Court Judge William C. Meehan ordered Centrelli to pay $14,805 in fines and restitution. He must complete an ethics course before resuming his practice.