Dr. Richard E. Busch Jr. has been sentenced to serve five months in federal custody and five months of home detention for his involvement in "The Millenium Fund" investment scam. Busch also was ordered to pay a fine of $5.6 million in restitution to victims of the scam. Although Busch could have faced a prison term ranging from 30 to 37 months, his assistance to federal prosecutors earned him a reduced sentence.
As reported in DC (www.chiroweb.com/archives/25/11/18.html), on March 30, 2007, the Department of Justice announced Busch had been extradited from Panama to stand charges for an indictment filed in 2003. Busch was one of five people who solicited Alabama residents to invest thousands of dollars in an investment fund comprised of a series of Panamanian foreign foundations and international business corporations established in the investors' names.
The co-conspirators and their foreign corporations were not registered as agents or broker dealers with the Alabama Securities Commission, and The Millennium Fund stock was neither registered nor exempt from registration with the Alabama Securities Commission or the Securities and Exchange Commission, as required by both federal and state securities laws.
"Busch bilked investors of millions," according to U.S. Attorney Alice H. Martin. "He is now in prison and we will turn our attention to finding any assets he has in any location."
Three other defendants, Hanks, Bowen and Burgdorf, pled guilty to the charges in the indictment and were sentenced to home detention, payment of restitution and probation. Jacques Latourette remains a fugitive, and federal marshals request that anyone with information about his whereabouts call (205) 731-0100.
References
When sports chiropractors first appeared at the Olympic Games in the 1980s, it was alongside individual athletes who had experienced the benefits of chiropractic care in their training and recovery processes at home. Fast forward to Paris 2024, where chiropractic care was available in the polyclinic for all athletes, and the attitude has now evolved to recognize that “every athlete deserves access to sports chiropractic."
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Some doctors thrive in a personality-based clinic and have a loyal following no matter what services or equipment they offer, but for most chiropractic offices who are trying to grow and expand, new equipment purchases help us stay relevant and continue to service our client base in the best, most up-to-date manner possible. So, regarding equipment purchasing: should you lease, get a bank loan, or pay cash?
