Raju Sharma, owner of Pharmagears and RR Medco, was charged with defrauding Medicare of nearly $30 million by billing for unnecessary medical equipment. This scheme involved billing for items like back and knee braces for patients who either didn't need or want them. Prosecutors claim he exploited vulnerable Medicare beneficiaries, using these fraudulent funds to purchase luxury cars and expensive watches. His method involved partnering with telemarketers to violate federal healthcare laws, specifically the anti-kickback statute. Sharma faces serious charges, including conspiracy to commit health care fraud, alongside his recent arrest.
"As alleged, Mr. Sharma exploited vulnerable Medicare beneficiaries and defrauded the system of millions of dollars meant for legitimate medical care."
"His actions caused millions of dollars of waste on DME products beneficiaries did not need and did not want."
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