⏱ 2 min read
Patrick Alan Bucknum, the former CEO of Community Clinic Network (CCN) in Wenatchee, Washington, orchestrated a massive embezzlement scheme that drained the company of approximately $24 million between 2017 and 2023. Bucknum, 55, used the embezzled funds to invest in stocks, options, and exchange-traded funds, but his poor trades led to significant losses. He also used the stolen money to purchase luxury items, including a pickup truck, a Tesla, a boat, and precious metal coins.
Bucknum’s scheme began to unravel when he attempted to recover his investment losses by embezzling more funds from CCN. However, his efforts ultimately failed, resulting in a total loss of $24,368,427.37 to the company. As part of his plea agreement, Bucknum has agreed to forfeit the luxury items he purchased with the embezzled funds.
The case against Bucknum was investigated by the Federal Bureau of Investigation (FBI) and is being prosecuted by Assistant United States Attorneys Jeremy J. Kelley. Bucknum pleaded guilty to one count of wire fraud on June 24, 2026, and is scheduled for a sentencing hearing on September 23, 2026.
The embezzlement scheme has significant implications for the healthcare industry, highlighting the need for robust financial controls and oversight. The case also serves as a reminder of the devastating consequences of white-collar crime, which can have far-reaching effects on individuals, businesses, and communities.
📋 Key Facts
- Crime: White Collar Crime
- Defendant: Washington
- Location: WA
- Source: DOJ Press Release
