Millions From Florida Health Fund Spent On Adult Website

A former accounts manager for a nonprofit affiliated with the University of South Florida’s medical school has pleaded guilty to embezzling almost $13 million, spending most of it at an adult website with some of it coming back to him, the Associated Press (AP) reported.

Photo Insert: Most of the money embezzled from the nonprofit was spent on an adult website.

The Tampa Bay Times reports that Ralph Puglisi, 59, is facing up to 20 years in prison under the deal, which was recently filed in Tampa’s federal court.

Puglisi had worked for the University Medical Service Association, which provides staffing and support for USF Health and other medical providers in the Tampa Bay area.

According to court documents, Puglisi spent almost $12 million at an adult website that allows users to subscribe to channels belonging to specific women, who disrobe and engage in sex acts on live video.

An investigation showed that Puglisi subscribed to a channel belonging to his stepson’s fiancee and they split almost $750,000 in profits, with Puglisi taking 60%.

“The investigative team developed a working theory that Puglisi worked either with the principals of the adult content provider or with the female profiles of the adult content provider in order to financially benefit from funds charged,” prosecutors wrote.

The Times says Puglisi also is accused of making $647,000 in payments to a limited liability company he owned with his wife, plus other expenditures, including $374,000 for personal travel; $191,000 in rent for a family member; and $120,000 on household improvements.

The fraud was detected in November, leading to the firing of Puglisi, his boss, and the University Medical Service Association’s internal auditor.

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