Another great argument against Healthcare Savings Accounts!

[DailyGrind51]

As if earning less than 1% interest wasn't good enough reason to avoid them...



"Health care account scammer bought Bentleys, faces prison

BY ART GOLAB Staff Reporter Dec 11, 2010 12:26AM

A Bolingbrook man who left thousands of people scrambling to pay their medical bills after he stole millions from their health savings accounts will go to prison for 15 to 20 years under a plea deal entered in federal court Friday.

Jeremy Blackburn, former president and CEO of Chicago-based Canopy Financial, admitted he used the stolen money to buy a fleet of luxury autos that included two Bentleys, a Rolls-Royce, two Lamborghinis, an Aston Martin and a Ferrari.

Under the agreement Blackburn, 37, pleaded guilty to one count of wire fraud.

Blackburn also used the stolen funds for home renovations, sports tickets, jewelry, watches and to buy time on a private jet, according to the plea agreement..."

http://www.suntimes.com/2786061-417/health-accounts-blackburn-savings-canopy.html