Federal authorities have uncovered multiple fraud schemes involving significant financial losses. In South Carolina, prison inmates orchestrated a crime ring that fraudulently obtained $5 million in COVID-19 unemployment benefits by using personal information from other inmates. Separately, a Detroit man was sentenced to 51 months in prison and ordered to pay over $900,000 in restitution for his role in a pandemic-era unemployment fraud scheme spanning Michigan, Pennsylvania, and Maryland. Additionally, Raju Sharma, the owner of Pharmagears, LLC and RR Medco, LLC, has been charged with conspiracy to commit healthcare fraud. Sharma allegedly billed Medicare approximately $29.6 million for medically unnecessary durable medical equipment and received $15.8 million in payments. The proceeds were reportedly used to purchase luxury goods, including Ferraris and Rolex watches. Another case involves a $161 million Affordable Care Act enrollment fraud scheme, while marketers were charged in a $162 million exchange fraud scam. Furthermore, Gregory Schreck, a Kansas man, pleaded guilty to operating an internet-based platform that facilitated over $1 billion in fraudulent Medicare claims through false doctors’ orders. These schemes highlight ongoing efforts by federal agencies to combat fraud and protect public funds.
‘He did this to enrich himself’: Mass. businessman charged in $30 million medicare fraud scheme https://t.co/1knlNa83Ze
Man sentenced to 13 years in multimillion-dollar insurance fraud scheme https://t.co/oKVZagcacw
#BREAKING: #FBI Boston & @OIGatHHS arrested Raju Sharma, the owner of durable medical equipment companies, in connection with a nearly $30 million alleged health care fraud scheme. Sharma allegedly used the proceeds to purchase luxury vehicles & watches. https://t.co/X2I2lKYM5v https://t.co/jsjDZLdx6e