A former Rochester healthcare CEO has been indicted for defrauding his own company.
The U.S. Attorney’s Office says 48-year-old Michael Margiotta of Rochester has been indicted on charges of money laundering, wire fraud and filing a false tax return. Government prosecutors say Margiotta was CEO of eHealth Global Technologies, an employment recruiter for the healthcare industry. He allegedly got another company to file invoices with EHealth, then had his staff pay them and pocketed the money.
Prosecutors say Margiotta skimmed more than $450,000 before he was caught.