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Add a few more allegations to the accusations against purported 2010 shadow campaign financier Jeffrey E. Thompson. In a lawsuit filed today against Thompson, his former company—-Medicaid provider D.C. Charter Health Plan, now under court-ordered rehabilitation by the Department of Insurance, Securities, and Banking—-alleges that Thompson used a variety of schemes to help another one of his companies at the expense of Chartered.
Thompson allegedly had several ways to help his D.C. Healthcare Systems Inc., whose subsidiaries allegedly overbilled Chartered. In 2011, $650,000 from Chartered ending up at DCHSI, according to the complaint. DCHSI also used Chartered’s property as security for a $12 million line of credit from a bank, according to the suit. When DCHSI stopped paying its debt, the bank decided to sell off $12 million in collateral from Chartered.
The line of credit, the cash transfer, and the tax agreement between the two companies amounted to unjust enrichment and a breach of Thompson’s fiduciary duty, according to Chartered, which is suing Thompson and DCHSI for $17 million.
Photo courtesy Charles Parsons