Home » News » NYC pharmacist sentenced to 2.5 years in prison for “multimillionaire” fraud – Telemundo New York (47)

NYC pharmacist sentenced to 2.5 years in prison for “multimillionaire” fraud – Telemundo New York (47)

NEW YORK – An owner and operator of several New York City pharmacies has been sentenced to 2.5 years in prison for alleged multi-million dollar health insurance fraud, prosecutors announced Friday.

The authorities allege that 49-year-old Sajid Javed of Queens used his pharmacies to collect more than $ 7.1 million in fraudulent Medicare and Medicaid claims for drugs he allegedly never delivered to his clients.

“Sajid Javed fraudulently billed Medicare and Medicaid for more than $ 7 million for drugs that were never actually dispensed, inducing others to give up their prescription drugs in exchange for bribes,” said Acting US Attorney Audrey Strauss.

The report noted that specifically, from January 2013 through December 2014, Javed earned $ 7,191,013.48 million in Medicare and Medicaid reimbursements for prescription drugs that his pharmacies never dispensed to customers.

Javed later defrauded Medicare and Medicaid into providing these reimbursements by obtaining prescriptions from other people, who were willing to forego the delivery of the drugs in exchange for a portion of the reimbursed money, in the form of a bribe.

In addition to the prison sentence, Judge Broderick sentenced Javed to three years of supervised release and ordered him to make a court-ordered restitution in the amount of $ 6,040,451.32 to Medicare and $ 1,150,562.16 to Medicaid, and imposed the forfeiture. for the amount of $ 7,191,013.48.

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