Connecticut
Prospect Medical bankruptcy: CT hospitals may tap into local funds
The Chapter 11 bankruptcy proceedings of private equity-funded Prospect Medical Holdings (PMH), the parent company of three Connecticut community hospitals, kicked off Tuesday in the U.S. Bankruptcy Court for the Northern District of Texas.
Deborah Weymouth, president and CEO of Manchester Memorial Hospital, Rockville General Hospital, and Waterbury Hospital, is expected to tap into the hospitals’ own funds to finance their functioning during the bankruptcy process.
Until now, local management did not have direct access to those funds.
“We do generate a significant amount of cash that historically we have not had direct access to utilize in our local market,” Weymouth said. “First and foremost, I believe we’ll be dedicating that cash and that revenue to our operating expenses.”
A different picture was painted at the national level.
During the bankruptcy hearing in Texas Tuesday, a lawyer for Prospect said the California-headquartered company got “dangerously close” to running out of money last week.
The lawyer also said Prospect is in ongoing talks with Yale New Haven Health over the stalled $435 million sale of its Connecticut hospitals to Yale, and the talks now were at a different price point.
Prospect’s lawyers plan to transfer the lawsuit Yale filed to back out of the deal, from state court to the bankruptcy court.
In legal speak, the Texas court is what’s known as a court of equity, where the presiding judge Stacey Jernigan — who incidentally writes mystery novels involving bankruptcy judges — has the leeway when it comes to the order of distribution.
Connecticut Attorney General William Tong said his office would fight for equitable distribution.
“Our hope is that the court will focus not on creditors and all the stuff, right, but focus on the patients and focus on what’s best for the patients and these institutions to keep them open, and the employees,” Tong said.
In its declaration filed Monday, Prospect said the pandemic drove the California company into bankruptcy. But a recent U.S. Senate committee report blasted Prospect for draining local hospitals of money and saddling them with debt.
Meanwhile, Waterbury Hospital, Manchester Memorial, and Rockville General continue to see patients.
“We are open, and as always, our top priority remains to provide safe, high quality care to every patient who comes in,” Weymouth said.
The Connecticut Department of Public Health will continue to inspect the hospitals, and “those relationships continue,” Weymouth said. “Waterbury [Hospital] actually is working with an independent expert who is there on a regular basis.”
Weymouth said she expected the hospitals to remain open in the long term, in part because they would be hard to replace.
“These hospitals have significant value for far more than just their bed count,” Weymouth said. “We have a team of dedicated nurses, hospitalists, other physicians and staff who are ready and able to provide care. That adds value to our organization.”
The cost of closing or replacing the hospitals would amount to $1 million per bed, according to Weymouth.
Prospect currently owns and operates 16 hospitals in California, Connecticut, Rhode Island and Pennsylvania, and plans to shift its focus entirely to its 7 hospitals in California post bankruptcy.
This story was first published Jan. 14, 2025 by Connecticut Public.
Connecticut
How a carjacking in Connecticut led back to a man known as the crypto ‘Godfather’ in California
On a leafy Connecticut road in the summer of 2024, would-be kidnappers pulled a couple from their Lamborghini SUV, beat them in broad daylight and threw them into a van, only to be arrested shortly thereafter as multiple witnesses, including a passing off-duty FBI agent, called police.
The investigation would lead police to some sensational findings.
The attack turned out to be linked to a $245 million Bitcoin heist the month before involving the couple’s son. And this week, a California cryptocurrency mogul who authorities say called himself “The Godfather” and had previously hired off-duty sheriff’s deputies to strongarm his enemies admitted to orchestrating the attempted abduction to get a piece of the son’s stolen loot.
The California man, 25-year-old Adam Iza, pleaded guilty Monday to conspiracy to interfere with commerce by robbery. Federal prosecutors are seeking a prison term of at least 14 years when he’s sentenced.
Iza’s lawyer, William Paetzold, didn’t immediately respond to Tuesday phone and email messages seeking comment.
The case is part of an increasing trend worldwide of cryptocurrency theft spilling over to violence.
Nightclub fight spawns kidnapping plot
A month before the abduction attempt, one of Iza’s alleged co-conspirators got into a beef with the couple’s son, Veer Chetal, at a Miami nightclub, according to an FBI affidavit. The man, James Schwab, then told an acquaintance to rob Chetal and his friends at their Miami rental home, authorities said. It’s not clear if the robbery happened.
Schwab’s lawyers didn’t immediately respond to phone messages seeking comment.
Then came the Bitcoin heist. A few weeks after the nightclub fight, Chetal and two other men hatched an elaborate online scheme that involved impersonating technical support staff for Google and a cryptocurrency exchange. They managed to steal 4,100 Bitcoins — worth about $245 million at the time — from a Washington, D.C., resident, according to court documents.
The trio lived large after the theft, spending millions of dollars on cars, clothing, jewelry, rental mansions and nightclub parties before being arrested, prosecutors said. Chetal pleaded guilty last November and awaits sentencing, while the two other men have pleaded not guilty.
Iza and Schwab, meanwhile, came up with the idea to take Chetal’s parents hostage in a bid to snatch some of his ill-gotten riches, the FBI said, citing information from informants. Schwab and Iza’s brother, Saif Faiq, also were charged in the kidnapping attempt and pleaded not guilty.
They recruited six other men to go to Connecticut, paying for their travel and lodging, authorities said. A week after the Bitcoin heist, the group surveilled Chetal’s parents hours before the kidnapping, according to court records.
Abduction quickly goes awry
Sushil and Radhika Chetal were driving in the Lamborghini on Aug. 25, 2024, near Danbury High School when they were rear-ended by a car. A white van then pulled in front of the SUV and several men surrounded them, police said.
The men pulled the Chetals out of the SUV and forced them into their van, beating Sushil Chetal with a baseball bat and dragging Radhika Chetal by her hair. The couple were bound with duct tape and the van drove off, according to court documents.
After witnesses called police, officers soon spotted the van and a chase ensued. The van eventually crashed and four of the men got out and fled on foot but were arrested shortly thereafter. The other two men were later found at a home the group had rented in a nearby town. The Chetals were taken to a hospital and released.
The six men, all from Florida, have pleaded guilty in connection with the kidnapping. Two have been sentenced to 11 years in prison and the others await sentencing.
How the ‘Godfather’ went from a Bel Air mansion to federal charges
Before Iza’s arrest in the Connecticut case, he was under investigation by federal authorities in California for extorting money and property from victims in Los Angeles and elsewhere, court records show. He was charged in that case a month after the kidnapping and later pleaded guilty.
Iza, also known as Ahmed Faiq, was living in a mansion in the Bel Air section of Los Angeles, calling himself The Godfather while running a crypto trading company, Zort. While stealing millions of dollars and funneling it through shell companies, Iza spent freely on luxury cars and other extravagances, including cosmetic surgery to lengthen his legs, prosecutors said.
Beginning in August 2021, Iza paid around $100,000 a month for his personal protection to a private security firm founded by a Los Angeles County sheriff’s deputy that also employed other deputies, prosecutors said.
Iza, authorities said, hired off-duty deputies to act as enforcers against people with whom he had personal and business disputes. He used the deputies to extort, intimidate, set people up for arrest and abuse the legal process, prosecutors said.
The deputies used law enforcement databases to generate information about Iza’s enemies and obtained search warrants under false pretenses, authorities said. On one occasion, two deputies held a victim at gunpoint inside Iza’s home, pressuring the victim to transfer $25,000 to Iza’s bank account, prosecutors said.
When he pleaded guilty in that case in January, Iza also admitted to stealing more than $37 million by fraudulently accessing the business manager accounts of Meta Platforms, owner of Facebook, and their lines of credit from 2020 to 2022. He awaits sentencing after pleading guilty to wire fraud, conspiracy against rights and tax evasion.
His attorney in California, Josef Sadat, declined to comment Tuesday.
Several deputies also were charged in the investigation.
Connecticut
Where to watch Connecticut Sun vs Atlanta Dream on June 2: TV channel, start time and streaming
The WNBA has returned with a brand new collective bargaining agreement and a league full of loaded rosters as the 2026 season tips off.
A rookie class headlined by Dallas Wings top pick Azzi Fudd, Minnesota’s Olivia Miles and Washington’s Lauren Betts is ready to make a mark in the pros while the defending champion Las Vegas Aces look to keep their dynasty alive with a fourth title in five years.
As the the season gets going under a new media rights deal, it can be tough to figure out which channel each team is playing on every night. Here’s everything you need to know to tune in when the Atlanta Dream host the Connecticut Sun on Tuesday.
What time is Connecticut Sun vs Atlanta Dream?
Tip off between the Atlanta Dream and Connecticut Sun is scheduled for 7:30 p.m. (ET) on Tuesday, June 2.
How to watch Connecticut Sun vs Atlanta Dream on Tuesday
All times Eastern and accurate as of Tuesday, June 2, 2026, at 6:08 a.m.
Watch the WNBA all season on Fubo
WNBA scores and results
See scores, results for all of today’s games .
See WNBA scores, results from June 1
Odds for WNBA games today
The latest WNBA odds can be found below from the best sports betting apps . Some odds may include games scheduled on future dates.
Connecticut
Rocky Hill firefighters honored for Connecticut river rescue
Three Rocky Hill firefighters were honored Monday night for their part in a rescue on the Connecticut River in March.
Emergency crews responded to Ferry Park in Rocky Hill on March 23 in response to a report of a vehicle in the river.
When they arrived, they found a woman in a Jeep about 35 feet out from the riverbank.
Crews broke a window and pulled the woman to safety after about 10 minutes, according to fire officials.
The woman sustained non-life-threatening injuries.
Monday evening, Captain William Kelly, Captain Roberto Leone, and Lt. Travis Gerace-Hicks were awarded the fire department’s valor award for their rescue efforts.
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