David Michael Pitts, Wire Fraud, Louisiana 2024

BATON ROUGE, LA – A former vice president of a home health and hospice care company has been charged with wire fraud in connection with an alleged scheme to defraud Amedisys, Incorporated.

David Michael Pitts, 41, is accused of stealing $7,641,528 from Amedisys, which annually furnishes home health services to approximately 380,000 patients in 37 states, the District of Columbia, and Puerto Rico.

The Bill of Information alleges that Pitts, who was the Vice President of Tax for Amedisys from January 2005 through July 2014, engaged in a scheme to defraud Amedisys from October 2006 through May 2014 through an elaborate scheme involving shell entities and fictitious film tax credits.

As part of the scheme, Pitts created a counterfeit company named ‘Stonehenge Entertainment’ for the purpose of selling false and fictitious ‘Tax Credit Transfer Agreements’ to Amedisys. He also created an entity known as ‘Evergreen Incentives’ for the same purpose.

Pitts allegedly used his position as Vice President of Tax to present the false and fictitious Tax Credit Transfer Agreements to his corporate supervisors for approval, falsely representing them to be valid tax credits. Once approved, Pitts then allegedly purchased the false and fictitious Tax Credit Transfer Agreements on behalf of Amedisys.

According to the Bill of Information, in order to personally benefit from the sale of false and fictitious tax credits to Amedisys, Pitts caused electronic banking transfers to divert funds from an Amedisys account at JPMorgan Chase Bank to his accounts at Capital One Bank and Regions Bank for his personal enrichment.

The investigation has been conducted by the Baton Rouge Resident Office of the Federal Bureau of Investigation, with substantial assistance provided by the victim, Amedisys, Inc. The matter is being prosecuted by Assistant United States Attorney René Salomon.

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