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The indictments accuse Esformes of leading "a complex and profitable health care fraud scheme that resulted in staggering losses — in excess of $1 billion," said Special Agent in Charge George L. Piro of the FBI's Miami field office. Investigators say Esformes used his access to thousands of Medicare and Medicaid beneficiaries to perpetrate a fraud
originally posted by: cenpuppie
He should have been a banker. Then his scheme would have been to big to fail.
originally posted by: DanDanDat
How does Medicare loose $1B ... I mean at that scale was not a single person person doing their job?
originally posted by: FamCore
originally posted by: DanDanDat
How does Medicare loose $1B ... I mean at that scale was not a single person person doing their job?
That's exactly what I'm saying - how the hell did it take this long to nail these bastards? They should have ALREADY been all over this guy due to his past transgressions. Instead, he was able to accumulate a massive amount of wealth with a NEW scheme, undetected for awhile.
It's also sickening that they fudged reports and eligibility for patients in order to keep them addicted to narcotics to keep the money coming in. What a sick bastard.
Philip Esformes (47 year old), who owns over 30 Miami-area "skilled nursing & assisted living facilities" could be facing life in a Federal Prison - white collar crime