Former VP of health care company pleads guilty in $7.5M fraud scheme

Published: Apr. 21, 2016 at 9:20 PM CDT
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BATON ROUGE, LA (WAFB) - The former vice president of Amedisys pleaded guilty to wire fraud Thursday, according to the U.S. Attorney's Office.

Michael Pitts, 41, is accused of embezzling more than $7.5 million out of the company from 2006 to 2014.

Federal prosecutors said he used an elaborate scheme which included fake companies and film tax credits.

Pitts was the Vice President of Tax for Amedisys from January 2005 through July 2014. His position made Pitts responsible for all corporate tax matters. That included preparing state and federal tax returns as well as  paying state income taxes for the different states where the company operated.

Pitts faces up to 20 years in prison and a fine of $250,000 or more. He also must pay back the millions of dollars he is accused of stealing.

A sentencing date has not yet been set by Judge deGravelles.

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