Health
COVID care, US pharmacy owners fined $18 million
Two US pharmacy owners have been convicted of an $19 million COVID-18 health care fraud and money laundering scheme, the Department of Justice announced today. Peter Khaim, 44, of Forest Hills, New York, was sentenced Monday to eight years and one month in prison, while his brother and co-defendant Arkadiy Khaimov, 41, also of Forest Hills, was sentenced April 3 to six years prison, the statement said. They were found guilty in November 2022 of conspiracy to commit money laundering. Khaim and Khaimov used New York-area pharmacies to submit millions of dollars in false and fraudulent claims to the federal Medicare health insurance program and then laundered the proceeds during the coronavirus pandemic, according to the affidavit. "To hide over $18 million of their criminal proceeds, Khaim, Khaimov and their associates funneled money through several companies, including fake pharmacy wholesale companies designed to look like legitimate sellers with majority", says the statement. Khaim and Khaimov sent funds from bank accounts of pharmacies they controlled to fake wholesale companies, which were then sent to companies in China for distribution to individuals in Uzbekistan. /AA
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