A miami The physician was sentenced Tuesday to 5 years in federal jail after admitting he filed round $38 million in fraudulent claims to medical insurance firms for prescriptions that sufferers didn’t want or obtain.
Armando Valdes he was additionally ordered to confiscate nearly $eight million and 4 actual property properties, together with a beachfront condominium unit in Pompano Seaside value extra $1 milliona 2,244-square-foot home in estuary and a smaller apartment in Journey, courtroom information present. The 63-year-old additionally needed to give away a 2018 Cadillac Escalade and a 2016 Tesla Mannequin S.
From 2015 to 2021, Valdés owned and operated Gasiel Medical Providers, Corp., a medical clinic in miamifrom the place filed round $38 million in fraudulent claims united well being Y Blue Cross Blue Defend for the prescription drug infliximab, the U.S lawyer’s workplace in miami he mentioned Wednesday in a press launch.
South Florida stays #1 in well being care fraud. Scams value Medicare billions a 12 months
Additionally identified by the model title Remicade, Infliximab is an costly prescription permitted for the remedy of Crohn’s illness, ulcerative colitis, rheumatoid and psoriatic arthritis, amongst different circumstances. Infliximab, the lawyer’s workplace mentioned, is among the most costly pharmaceuticals in the marketplace: A single dose can retail for practically $10,000.
READ MORE: miami-dade The person charged hundreds of thousands from insurers for bogus billing, the feds say. He’s now locked up.
Prosecutors say that regardless of claiming roughly $38 million in infliximab rebates allegedly offered to sufferers, Valdes admitted as a part of his responsible plea in Could that he by no means offered a single infusion of the drug and that his sufferers didn’t require the drug.
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