Saturday, October 31, 2020

Texas health care executive jailed for 76 months in fraud case

-

A former health care executive who had a hand in two of the largest health care frauds in Texas history — Forest Park Medical Center and NextHealth — was sentenced Friday to 76 months in federal prison.

Semyon Narasov, 55, pleaded guilty in 2018 to conspiracy to commit money laundering at NextHealth and conspiracy to pay and receive bribes and kickbacks while at Forest Park.

He was sentenced by U.S. District Judge Jack Zouhary of the Northern District of Ohio, who presided over the trial of nine Forest Park defendants last year. Seven of the nine were convicted in that case, one was acquitted and one defendant later pleaded guilty after the jury was unable to reach a unanimous verdict.

“This defendant was a central figure in not one, but two significant healthcare fraud schemes,” said U.S. Attorney Erin Nealy Cox. “We cannot and will not allow health professionals to pervert an industry that should be solely focused on helping patients.”

- Advertisement -

Narasov’s sentencing follows that of his business partner, Andrew Hillman, who received a 66-month prison sentence in December on similar charges for his part in the NextHealth and Forest Park schemes. Hillman was also fined $3 million.

According to court documents, Mr. Narasov admitted that Forest Park paid the two men $190,000 to refer patients to the facility or to surgeons with privileges there.

Narasov and Mr. Hillman said they submitted phony invoices to conceal the bribes, which were funneled through Adelaide Business Solutions, a shell entity, he said.

Mr. Narasov also admitted that while at NextHealth, he and Mr. Hillman submitted an estimated $450 million in fraudulent claims to private and government health insurance providers – seeking reimbursement for prescriptions that were medically unnecessary, prescriptions for misbranded, non-FDA-approved drugs, and prescriptions prescribed by physicians who were receiving kickbacks, all while falsely claiming they had charged patients co-pays.

- Advertisement -

MUST READ

Actress Lori Loughlin begins 2-month prison sentence for role in college admissions scam

Actress Lori Loughlin reported to a federal prison in Northern California on Friday to start a two-month sentence for her role in a massive...

FirstEnergy fires CEO, other executives over Ohio bribery scandal

FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Dutch prosecutors seize $33m in bitcoin from couple convicted of money laundering

Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court....

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Malta’s regulator fines Lombard Bank $397,000 over money laundering breaches

Lombard Bank has been fined €340,058 for breaching anti-money laundering obligations by the Financial Intelligence Analysis Unit. The breaches were identified by the FIAU in...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks