US charges 11 people in Russia-based scheme to bilk Medicare of $10bn
Prosecutors allege more than a million Medicare recipients had their information stolen and used by the defendants for fraudulent claims
US federal prosecutors charged 11 people on Friday in a Russia-based scheme to bilk Medicare – the American health insurance program for the elderly and disabled – out of $10.6bn through fraudulent billing for expensive medical equipment.
The “transnational criminal organization” orchestrated a “multi-billion-dollar health care fraud and money laundering scheme” that included purchasing dozens of medical equipment companies from prior legitimate owners to perpetrate the fraud, according to the indictment dated 18 June. Continue reading...
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