New York News: BUFFALO, Marc I. Korn, Former Owner Of Local Nursing Homes Pleads Guilty To Bank Theft And Tax Charges

New York News: BUFFALO, Marc I. Korn, Former Owner Of Local Nursing Homes Pleads Guilty To Bank Theft And Tax Charges

BUFFALO, N.Y. – U.S. Attorney James P. Kennedy, Jr. announced today that Marc I. Korn, 62, of East Amherst, NY, pleaded guilty to bank theft and willful failure to pay tax before Senior U.S. District Judge William S. Skretny. Together, the charges each carry a maximum penalty of two years in prison and a $200,000 fine. Pursuant to his agreement with the government, defendant also agreed to pay over $2.5 million in restitution to three different private entities along with approximately $850,000 to the Internal Revenue Service.

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