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Eight people charged in multimillion-dollar compounding pharmacy fraud scheme

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The Department of Justice reports that eight people in Florida were charged in an indictment unsealed Tuesday for their alleged participation in a multimillion-dollar fraud scheme involving prescription compounding pharmacies.

The Department of Justice reports that eight people in Florida were charged in an indictment unsealed Tuesday for their alleged participation in a multimillion-dollar fraud scheme involving prescription compounding pharmacies. Each of the men were charged with conspiracy to commit health care fraud and wire fraud, and some were charged with money laundering as well. According to the indictment, the co-conspirators allegedly used a New Port Richey pharmacy and several Miami-area pharmacies to submit false and fraudulent reimbursement claims for prescription compounded medications to private insurance firms, Medicare, and Tricare between October 2012 and December 2015. The report alleges the pharmacies submitted about $633 million in claims for prescription compounded medications and received about $157 million in reimbursement based on those claims. The indictment also says the conspirators allegedly used shell companies to transfer and disburse the money and to hide their involvement in the scheme.

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https://www.justice.gov/opa/pr/eight-individuals-charged-multimillion-dollar-compounding-pharmacy-fraud-scheme

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