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Adam B. Resnick (born March 10, 1972) is an American health care entrepreneur, public speaker, author, and professional federal whistleblower. His 2007 book Bust: How I Gambled and Lost a Fortune, Brought Down a Bank-and Lived to Pay for It is an autobiography describing his early addiction to gambling and how he, in a check-kiting conspiracy, contributed to the 2002 failure of Universal Federal Savings Bank in Chicago, IL. Resnick was convicted for his role in the check-kiting scheme, and served 19 months in federal prison.

Whistleblowing cases
In 2009, Resnick exposed a kickback deal between Omnicare, Inc., which supplies drugs to nursing homes, and the owners of a nursing home chain. He was awarded $3.1 million by the U.S. government for blowing the whistle on fraud under the False Claims Act. Resnick announced he would spend a substantial part of that money to pay restitution to the U.S. government for his role in the 2002 bank failure. Through an unprecedented arrangement worked out by the FDIC, Resnick’s restitution was forwarded to Universal’s former employees and depositors who lost money when the bank failed. The FDIC says this case marks the first time in history that the U.S. government has received restitution money after it had closed receivership on a failed bank.

An additional whistleblower suit brought by Resnick is heading towards settlement, according to a federal court filing on August 23, 2012. The suit alleges that Omnicare paid kickbacks to the owners of institutional pharmacy Total Pharmacy Services LLC during the company's purchase and submitted false claims to government health programs.

Resnick also sued the Chicago law firm of Neal, Gerber and Eisenberg for legal malpractice over a multi-million dollar contract dispute alleging that they represented both Resnick and the contracting party. The $20 million dollar dispute was settled in an out of court settlement through arbitration.

Awards and recognitions
In 2006, Resnick was presented with a Lifting Up the World with a Oneness-Heart Award by Chinmoy Centres International for his “dedication to international development charities."

Writings by Resnick
The Chicago Sun-Times called Resnick’s book, Bust: How I Gambled and Lost a Fortune, Brought Down a Bank-and Lived to Pay for It, “entertaining.” The Milwaukee Journal Sentinel called it a “wild ride.”

Resnick is also the author of numerous articles and editorials, including


 * A Second Chance for Felons - Denver Post
 * The Bet America Needs to Make - Las Vegas Review-Journal
 * For Addicts, House Holds Chips - Chicago Tribune
 * With Obamacare Passed, Let's Address Fraud and Waste - Washington Examiner, March 24, 2010

Additional Sources

 * US Department of Justice indictment announcement
 * Dateline NBC feature on Adam Resnick
 * Recovering Addict-Businessman Helps Government Recover Millions from Omnicare for Nursing Home Kickback Scheme - PRNewswire
 * Prominent New York City Real Estate Investor, Attorney and Atlanta Nursing Home Chains Pay $14 Million to Settle Whistleblower Kickback Case - PRNewswire

[[Category:Living people [[Category:1972 births [[Category:American whistleblowers [[Category:American businesspeople