Feds take $1M Leetonia home, cars, $3M cash from former Braking Point operator
A man who made his fortune operating an addiction recovery center in Austintown has lost nearly all of that fortune and is now waiting to learn if he'll lose more of his freedom.
According to documents filed in U.S. District Court, the federal government has completed the seizure of the 13-room, $1 million Leetonia home of Ryan Sheridan, who once operated the Braking Point Recovery Center.
The Columbiana County Auditor lists the owner of the home as the U.S. Marshal.
Besides, the feds have also taken nearly $3 million from Sheridan's bank accounts and six vehicles, including replicas of a Cadillac hearse seen in the “Ghostbusters” movie, a “Back to the Future” DeLorean, and a Caprice Classic “Batmobile.”
Sheridan, 39, remains in custody at the Northeast Ohio Correctional Center in Youngstown, awaiting sentencing later this month after pleading guilty to 34 counts of conspiracy to commit health care fraud, health care fraud, and money laundering.
A 60-count federal indictment handed up last February named Sheridan, his former wife, and four others in a scheme to bill Medicaid $48 million for drug and alcohol services that were not provided, not medically necessary, and lacked proper documentation.
All six people, who have entered guilty pleas, are scheduled for sentencing later this month.
Sheridan also faces trial in Columbiana County on charges of cocaine and possession of other drugs.
Those charges were filed after federal agents searched Sheridan's Spring Hill Drive home as part of their investigation.
Before his arrest, Sheridan made a name for himself by promoting his addiction center on Route 46 and raising money for charity by climbing Africa's Mount Kilimanjaro and running with the bulls in Spain.