SPOKANE, Wash – A federal judge in Spokane sentenced a former Washington health care CEO to four years in prison for a $30 million embezzlement scheme.
Patrick Bucknum was CEO of Community Clinic Network. The company managed health care payment contracts for clinics across Washington.
Court documents say starting in 2017, “Bucknum devised a scheme to obtain funds from CCN’s business bank accounts, which he attempted to invest in stocks, options, and exchange-traded funds. Bucknum initially intended to keep profits from the investments for himself and return the embezzled funds to CCN. Bucknum was influenced by social media showing aggressive trading strategies.”…