MIDDLETOWN, CT, June 18, 2019 – The former CEO of U.S. Pain Foundation, Paul Gileno, pleaded guilty yesterday in the District of Connecticut to wire fraud and tax evasion, in violation of 18 U.S.C. 1343 and 26 U.S.C. 7201 in connection with his misappropriation of funds from the organization. Although a sentencing date has not yet been set, U.S. Pain Foundation is seeking restitution to recover financial losses that resulted from his misdeeds.
Gileno resigned from his position at U.S. Pain Foundation at the request of the Board of Directors on May 31, 2018, after the misappropriation of funds came to light. The organization reported the theft and fully cooperated with investigating authorities.
Since this discovery, the organization’s Board of Directors has implemented new policies and instituted protective measures to ensure consistent and accurate adherence to its fiduciary duties. The organization has implemented a system of checks and balances that include:
- Detailed requirements for the reimbursement of expenses
- A two-step approval process for all disbursements
- The separation of duties and internal controls surrounding all banking transactions
- Board oversight and review of cash flow reports and financial statements
While the last year has been difficult, the organization has never lost sight of its guiding mission to educate, empower, support, and advocate for the 50 million Americans living with chronic pain. We are thankful that resolution of these issues is coming to an end, and are committed to continuing to serve people with pain, stronger than ever.
About U.S. Pain Foundation
The U.S. Pain Foundation is a 501(c)(3) nonprofit organization dedicated to serving those who live with pain. The mission of the U.S. Pain Foundation is to empower, educate, connect, and advocate for individuals living with chronic illness that causes pain, as well as their caregivers and clinicians. For more information, visit www.uspainfoundation.org.