Kansas City, Missouri – A Kansas man who once ran a healthcare company in Kansas City is now headed to federal prison after pleading guilty to bankruptcy fraud. On April 29, 2025, 62-year-old William L. Said of Stillwell, Kansas, was sentenced to 21 months behind bars and ordered to pay $85,000 in restitution—an amount he had already repaid by the time of sentencing, the Department of Justice said in a release.
Said’s downfall stems from his role as the owner and top executive of Restorative Brain Clinic, Inc., a facility that offered Transcranial Magnetic Stimulation therapy. Back in July 2021, the clinic filed for bankruptcy and was allowed to manage its remaining assets through what’s known as a debtor-in-possession account. Said, notably, was the only person authorized to access those funds.
But just months later, that control was stripped away after federal officials raised red flags. In September 2021, the U.S. Trustee for Region 13 filed a motion to convert the clinic’s case from Chapter 11 reorganization to Chapter 7 liquidation, citing mismanagement and the ongoing drain of estate assets. An evidentiary hearing was held in October 2021, and U.S. Bankruptcy Judge Dennis R. Dow ruled in favor of the conversion. He concluded that Said had engaged in self-dealing and failed to maintain proper oversight of company funds. At that moment, Said lost all authority over the clinic’s finances.
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Yet mere minutes after the ruling, Said executed a series of questionable wire transfers from the very account he had just been ordered to relinquish. Within 13 minutes of the court hearing ending, he moved $5,000 to his personal account. Nine minutes later, he wired $12,400 to another shareholder. Then came another $16,300 to a staffing company, and he attempted to send nearly $6,000 more to the clinic’s landlord. That final transfer was blocked when the account was frozen.
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That wasn’t the end of his misconduct. Said also admitted to selling leased medical equipment that didn’t belong to him. In 2018, Restorative Brain Clinic had leased equipment from AB Sciex, LLC. A year later, through another company he owned—Cox Scientific—Said arranged to sell that same equipment to a buyer in California. To conceal the fraud, he tampered with the equipment’s serial numbers before issuing an invoice totaling $85,000. The buyer paid in full, unaware the equipment was leased and not owned by Said.
This case was investigated by the FBI and the U.S. Trustee’s Office for Region 13. Special Assistant U.S. Attorneys Bradley Cooper and Adam Miller handled the prosecution.
The sentence marks a stark fall from grace for a man once at the helm of a specialized medical practice—and serves as a reminder that bankruptcy protections come with strict rules and real consequences when they’re violated.
