Greco, 55, of Strongsville, agreed to the forfeiture of eight household/personal items as property derived from criminal proceeds.
In addition, Greco agreed to the forfeiture of a money judgment in the amount of $120,000.
On June 8, following a jury trial, Greco was found guilty of one count of conspiracy to commit bribery, five counts of bribery, one count of conspiracy, two counts of extortion, four counts of filing a false tax return and one count of conspiracy to commit mail fraud.
Greco faces between 20 and 30 years in prison, according to Assistant U.S. Attorney Antoinette Bacon.
During his trial, two witnesses -- former East-West Construction Co. executive Nilesh Patel and former MetroHealth vice president John Carroll -- testified against Greco.
Patel and Carroll pleaded guilty previously to a bribery conspiracy and agreed to testify against Greco.
To satisfy the $120,000 money judgment, Greco has turned over a certified check in the amount of $10,000.
With respect to the remaining $110,000 of the $120,000 money judgment, Greco agreed to the forfeiture of his home on Academy Drive in Strongsville, as his interest in the home is valued at $110,000.
The order entered by O'Malley is a "preliminary" order of forfeiture. Under federal law, before a "final' order of forfeiture may be entered by the Court, the United States must publish notice of the preliminary order on an official government internet site.
Additionally, in the preliminary order of forfeiture, O'Malley acknowledged that the $120,000 money judgment figure is for purposes of criminal forfeiture only.
The restitution amount and the loss amount resulting from defendant Greco's criminal activity are separate and distinct issues, which will be determined by the court at Greco's sentencing hearing.
His sentencing had been scheduled for Aug. 12 but it has been postponed and no new sentencing date has been scheduled.
It is the intent of the United States to return the proceeds of any forfeited properties to the victim of defendant Greco's illegal conduct; namely, The MetroHealth System.
This forfeiture action was handled by Assistant U.S. Attorneys Robert J. Patton and James L. Morford. The underlying criminal case was prosecuted by Assistant U.S. Attorneys Ann C. Rowland, Bacon, and Robert J. Patton.
The investigation was conducted by the Cleveland office of the Federal Bureau of Investigation and the Internal Revenue Service.
The Cuyahoga County corruption investigation is ongoing.