Nursing home owner accused of mishandling retirement assets

Federal investigators allege that the owner of the Bridgeport Health Care facility improperly took millions out of his employees' retirement accounts.

The federal Department of Labor alleges that the owner has taken out almost $4 million in the last few years, including $2.5 million in just a nine-month period.

The federal Department of Labor alleges that the owner has taken out almost $4 million in the last few years, including $2.5 million in just a nine-month period. (9/22/16)

BRIDGEPORT - Federal investigators allege that the owner of the Bridgeport Health Care facility improperly took millions out of his employees' retirement accounts.

The federal Department of Labor alleges that Chaim Stern has taken out at least $3.5 million since 2011, including $2.5 million in just a nine-month period.

The department claims he used workers' retirement money as a virtual piggybank.

The complaint states that some of the money went into keeping the facility operating, but most of it went to a religious group Stern runs.

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