Federal officials seize Girard home of former Braking Point owner Ryan Sheridan
GIRARD — Federal officials have seized a second home belonging to former Breaking Point owner Ryan P. Sheridan. The home is on Marshall Road just west of downtown Girard.
Sheridan, 39, of Leetonia, pleaded guilty in October to more 60 criminal charges in U.S. District Court involving millions of dollars in Medicaid fraud at his former Austintown drug and alcohol rehabilitation business.
Braking Point submitted approximately 134,744 claims to Medicaid for more than $48.5 million in services it claimed to provide between May 2015 and October 2017, prosecutors said.
The claims caused Medicaid to pay Braking Point more than $31 million. Medicaid suspended payments to Braking Point on Oct. 18, 2017, according to Sheridan’s indictment.
Sheridan agreed to forfeit multiple properties to offset some of the money he is ordered to repay. He could get about a dozen years in prison when he is sentenced Jan. 23.
The federal government earlier seized his 10,000-square-foot home on Spring Hill Drive near Leetonia, a 2016 Cadillac Escalade and three vehicles that are replicas of vehicles used in several movies — a 1981 DeLorean DMC Gullwing (“Back To The Future”), 1959 Cadillac Hearse (“Ghostbusters”), 1995 Chevrolet Caprice Classic Station Wagon (“Batmobile”). Also seized were a 2015 Chevrolet Silverado 2500 and an investment account.
The Leetonia home was valued at about $600,000.
Federal court documents state that Sheridan bought the Girard home May 26, 2016. The Trumbull County auditor’s website lists its appraised value at $169,700 and says it is on 10 acres.
Federal officials began an effort to recoup the fraudulently obtained funds in March 2018 and later seized $2.2 million from a bank account under Sheridan’s name and $390,066 in U.S. currency, among other things.
A filing in federal court Jan. 8 says agents from the U.S. Marshal’s Service took possession of the Marshall Road home that day.
A notice in the window of the house says the home is now in the possession of the U.S. Marshal’s Service and says anyone removing anything without written permission will be prosecuted under federal law.
Sheridan also faces unrelated drug possession and aggravated drug possession charges in Columbiana County involving cocaine, oxycodone and amphetamines. The drugs reportedly were found in his home March 5, 2019, by sheriff’s deputies responding to a domestic dispute.