Newport Beach Physician Arrested For Embezzlement And Tax Evasion
Dr. Bruce Hagadorn, 56, was charged in Orange County Superior Court with one felony count of embezzlement and eight felony counts of tax evasion. If convicted, Hagadorn faces up to 10 years in prison and the potential loss of his California Medical license.
Hagadorn, the chief of staff at Irvine Regional Hospital and member of the Medical Executive Committee is out on $200,000 bail. Authorities allege that when Irvine Regional Hospital closed, the board voted to donate the remaining charity funds to Hoag Hospital. However, according to police, instead of donating the money to Hoag, Hagadorn diverted the funds to his personal use.
The criminal complaint also charges Hagadorn with multiple counts of tax evasion for not declaring the proceeds he received from the alleged embezzlement.