Drs. Linda Massod and Terry Fayad practice together, both claim to have been embezzled by the other
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A Massachusetts (MA) dental partnership dissolved into mutual allegations of embezzlement when Drs. Linda Massod and Terry Fayad, co-owners of a joint dental practice, each accused the other of financial misconduct. Dr. Fayad subsequently filed for bankruptcy and sought to discharge a debt he owed to Dr. Massod, arguing it should be extinguished in the proceedings. The matter was decided in federal bankruptcy court, where the judge was asked to determine whether the debt was excepted from discharge on the grounds that it arose from fraud or defalcation in a fiduciary capacity.
The case illustrates the significant legal and financial complexity that can arise when dental partners operate without clear oversight, independent financial controls, or documented accountability structures within a shared practice.
Cases Like This Are Far More Common Than Most Dentists Realize.
Most dental embezzlement goes undetected for years—and the average loss is in the tens of thousands of dollars. Prosperident's First Look Financial Review can tell you right now whether your practice has a problem.