Bankrupt doc making $15K every month
Jahani working at Texas clinic after raid of Colorado offices
A Montrose doctor who is in bankruptcy proceedings and being investigated by the federal government reported he is earning $15,000 a month at an Urgent Care clinic in Texas, according to bankruptcy filings.
Dr. Sam Jahani and his wife, Christine, filed for Chapter 7 bankruptcy in May, claiming they owed money to 64 creditors. They have listed their assets at about $4.3 million and their debt at $4.6 million.
The Jahanis list the building of the Montrose clinic, their Montrose home, their son’s Hotchkiss home and a vineyard in Hotchkiss as accounting for most of their assets, or about $4.2 million, according to the filing.
Sam Jahani’s medical offices in Delta, Montrose and Grand Junction were raided and patient files were seized by officers with the Drug Enforcement Administration in October. To date, no charges have been filed against Jahani as a result of the raid.
Sam Jahani reported working for the past two months at Dr. D’s Urgent Care in Spring, Texas. While Jahani reports earning $15,000 a month, the couple lists their monthly expenses at $26,000 a month. They list attorney fees as their biggest expense at $12,000 a month. They list $3,000 for home maintenance and upkeep fees while renting two separate residences for a total of $4,000 a month. Each is listed as spending $1,000 a month on food. Christine Jahani listed spending $500 a month on recreation and entertainment and another $500 a month on laundry and dry cleaning.
In 2008, Sam Jahani reported earning more than $455,000, while Christine Jahani earned $31,265, according to the bankruptcy filing. In 2009, Sam Jahani reported earning $295,000, while his wife earned the same amount as the previous year. In 2010, Sam Jahani reported earning $61,247, and his wife reported no income.
In December, Jahani struck an agreement with the Colorado Board of Medical Examiners that placed a stipulation on his medical license that he not prescribe any schedule II controlled substances.
Jahani was licensed as a physician to practice in Texas in 1988, and his license status there is active, according to Colorado’s Department of Regulatory Agencies. His license is up for renewal in that state in 2011.
In the year preceding their bankruptcy filing, the Jahanis reported giving almost $10,000 to churches and nonprofit organizations and giving $6,000 to two of their six children for graduate school and flight school.
The Jahanis owe almost $280,000 in federal taxes and $31,000 in state taxes, according to the bankruptcy filing. Other debts include: $42,000 in consumer debt on a Bank of America credit card; $40,000 to Grand Junction law firm Bechtel & Santo LLP; $700 to the city of Delta; $14,000 to David Vander Hoech for making cabinets; and $7,000 to Qwest for services.
Tonya Creel is also listed as creditor in the filing, but the amount of money owed is not listed. Creel is a plaintiff and a former worker for Jahani and is involved in a whistle-blower case against Jahani, alleging he altered documents that were headed to an auditor.
The civil case between Creel and Jahani has been put on hold because of the bankruptcy filing. Jahani countersued in that case, alleging theft by Creel.
Jahani was already under supervision after being indicted for Medicare fraud by the government in a 2004 case in Texas. According to terms of that settlement, Jahani was required to have his medical billing practices reviewed by an auditor.