It may be the case that all those parents who bribed to get their children into select prestigious universities, may not have had the highest ethical standards when it comes to other avenues in life.
On Friday, Philip Esformes, a 50-year-old Miami Beach resident was convicted of running a massive 18 year, $1.3 billion healthcare fraud that prosecutors called "the largest such scheme ever charged" by the DOJ, according to Bloomberg. The kicker? Esformes used proceeds from his fraud to bribe the University of Pennsylvania's basketball coach into helping get his son into the school.
Esformes used a network of nursing homes and assisted living facilities in South Florida to defraud U.S. government health-care programs, while at the same time providing inadequate and unnecessary care to patients, according to prosecutors. He funneled out at least $37 million between 1998 and 2016, using the money to finance a lifestyle that included fancy cars and a $360,000 watch.
The University of Penn's basketball coach plead guilty to money laundering last year in connection with the case.
Esformes is said to have bribed doctors to admit patients to his facilities, where they didn't get appropriate care and sometimes received unnecessary services, which Esformes then billed the U.S. government for. He also bribed a Florida regulator to get advance notice of surprise inspections of company facilities ahead of time. The sum of his fraudulent claims submitted to Medicare and Medicaid exceeded $1.3 billion.
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8 comments:
Interesting.
An 18 year fraud scheme and the guberment acts like this is a big score that they found it? 18 years later? Billions later?
MY MONEY. As I go without healthcare, medicine and food this guy, WITH THE HELP OF A GOVERNMENT EMPLOYEE, buys himself a 360K watch.
F- everyone at this point.
I am so sick of this crap.
Confiscate everything he owns and send him to prison for a long time. Making money on poor nursing home care is not to be tolerated.
It just goes to show how poorly Medicare and Medicaid dollars are monitored, how easy it is to get over on the gov't, and how pervasive the problem is.
Does a $360,000 watch keep better time than my $107 Citizen?
Along with this guy there should be a string of subpoenas for and arrests of a bunch of his lawyers, accountants, administrators, bookkeepers and other conspirators.
2:36 spot on I make 15 an hour but can't afford health insurance because I work for a small business that can't afford health insurance.Some of the rich are truly criminals and we pay for it.
No food ? But you have Internet and computer?
April 8, 2019 at 4:52 PM
I have a 10+ yr old lap top and I am at my neighbor's using her internet because she lets me. troll much. useless judgmental pos. F-off.
I have a $35 timex, works great
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