Former California dentist sentenced to 4 years in prison for illegally practicing, defrauding elderly $400K — 5 insights

Former dentist Robert Frank Manuesto pleaded guilty to practicing unlicensed dentistry, grand theft and securities fraud, resulting in a four-year prison sentence, according to The San Diego Union Tribune.

Here are five insights:

1. Mr. Manuesto had his dental license revoked in 2005 for "incompetence, gross negligence and excessive treatment," according to the report. Instead of retiring, Mr. Manuesto set up shop in Tijuana, Mexico, under the false name of Dr. Bob Franco. 

2. Although he was illegally practicing in Mexico, Mr. Manuesto advertised his services to patients in California and transported them to Mexico for dental work.

3. The Department of Insurance also discovered while Mr. Manuesto was practicing, he acted as a licensed investment advisor. During this stint, he convinced elderly patients to invest $400,000 into his dental implant manufacturing company.

4. Although promising to use the funds to create inventory and expand his Mexico business, Mr. Manuesto used the illicit funds for his personal use. He also deposited more than $640,000 in stolen checks to his bank account.

5. The plea agreement settled the three cases brought against Mr. Manuesto. He was also ordered to pay $650,000 in restitution.

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