Dr. Richard Davidson

Wife Of Delray Fraudster Chiropractor Richard Davidson May Keep Some Of His Funds

Arrest Boca Raton Delray Beach Florida News Palm Beach County
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Department of Justice: “USA Acknowledges One Half Interest Of Chelsea Davidson.”

Dr. Richard Davidson
The United States Dept. of Justice says Dr. Richard Davidson of Delray Beach entered a guilty plea. He faces ten years in prison for medicare fraud.

BY: STAFF REPORT | BocaNewsNow.com

BOCA RATON, FL (BocaNewsNow.com) (Copyright © 2021 MetroDesk Media, LLC) (News App readers click here for full access) — The wife of Delray Beach and Boca Raton area Chiropractor Richard Davidson may keep some of their joint assets despite a federal order to forfeit bank accounts and potentially their Seven Bridges home to the United States of America.

Richard Davidson plead guilty to Medicare Fraud just weeks after the United States District Attorney for the Middle District of Florida filed an information — a charging document that doesn’t require a grand jury. Davidson admitted to defrauding the federal government out of $2,472,087. He is known as “Dr. Rich” at Totality Chiropractic on Yamato Road.

BocaNewsNow.com reported in October that the federal government was preparing to take Davidson’s home and financial assets. A federal judge signed a “Preliminary Order of Forfeiture” on March 3rd. But prosecutors, on March 9th, filed a separate document titled “Notice to Court Regarding Chelsea Davidson’s Third Party Interest.”

In the document, which you can read below, the government lists joint assets of which Chelsea Davidson is entitled to one half. We have redacted bank account information. Among them:

The contents of Wells Fargo Bank account number xx, held in the name of Richard Davidson and Chelsea Davidson (last known balance approximately $155,166.54).

The contents of Wells Fargo Bank account number x, held in the name of Richard Davidson and Chelsea Davidson (last known balance approximately $15,258.65);

The contents of Folio Investments, Inc. account number x, held in the name of Richard Davidson and Chelsea Davidson (last known balance approximately $169,367.45.

The real property located at 9807 Rennes Lane, Delray Beach, Florida 33446.

Prosecutors say that while the Seven Bridges home on Rennes Lane will likely be sold, Chelsea Davison may be entitled to some of the funds:

“Additionally, if the United States obtains a final order of forfeiture for the Property, the United States agrees that, from the proceeds of the sale of the Property and to the extent that there are sufficient proceeds after the payment of government expenses relating to seizure, maintenance, custody, and disposal of the property, the United States will pay one-half of the proceeds from the sale of the Property to the Petitioner. The remaining sale proceeds will be forfeited in partial satisfaction of the defendant’s outstanding Order of Forfeiture.”

Richard Davidson faces up to ten years in prison, although his speedy guilty plea may by looked upon favorably by the Court. A sentencing date has not yet been set.

Read the court orders below. If they do not appear, click here for full, free access.

Davidson-Chelsea-Half

Davidson-Forfeiture

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