WORKING THE SYSTEM –
July 4, 2023 – n three years, Kingsway made millions of dollars off the backs of needy addicts and their heartbroken families. Nicholas DeSimone, Kingsway’s owner, claimed he was not involved in the day-to-day operations of the facility and was operating his business honestly. Michelle DeSimone, his spouse, ran Graceway, a supposedly separate recovery home.
The DeSimones claimed their businesses were separate — and that even though their methods of billing were complex, they were legal. The New Jersey State Commission of Investigation investigated the facilities and reported that the DeSimones kept transactions under $10,000 to purposely hide money laundering. The couple used the funds they got from needy addicts and their families to fuel an extravagant lifestyle.
Sadly, the only reason the state is investigating the owners of Kingsway and Graceway — who may face prosecution — is because they were committing insurance and health care fraud and tax evasion. (New Jersey Monitor, Oct. 12, 2022)
