MIAMI – Steven King used to be the manager compliance officer for a pharmacy retaining corporate. His loss of compliance with the legislation will make him a federal inmate.
A federal jury convicted the 45-year-old Miramar man of conspiracy to dedicate well being care fraud and cord fraud in June for his position in a $50 million Medicare fraud scheme. It will have landed him a 20-year sentence.
Instead, a pass judgement on determined Thursday to condemn him to four-and-a-half years in the back of bars Thursday, prosecutors stated. King can even must pay $21 million in restitution.
Prosecutors stated King and a bunch of co-conspirators operated A1C Holdings LLC, which operated a lot of pharmacies and “fraudulently billed Medicare for dispensing lidocaine and diabetic testing supplies that Medicare beneficiaries did not need or want.”
“As chief compliance officer, King was in a unique position to prevent and report the fraudulent scheme, but he used his position to defraud Medicare instead,” prosecutors stated after his June conviction.
According to the U.S. Department of Justice, King and his co-conspirators took a number of steps to hide the large fraud scheme.
Those incorporated “enrolling their mail-order pharmacies as brick-and-mortar retail pharmacies to evade more rigorous oversight, shipping prescription refills for high-reimbursing medications and supplies without patient consent, concealing the ownership of A1C Holdings LLC and its pharmacies and transferring patients between these pharmacies without patient consent.”
Officials from the FBI and U.S. Department of Health and Human Services investigated the case.
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