A Miami doctor was sentenced Tuesday to five years in federal prison after admitting he filed around $38 million in fraudulent claims to health insurance companies for prescriptions that patients didn’t need or receive.
Armando Valdes was ordered to forfeit nearly $8 million and four real estate properties, including a beachfront condominium unit in Pompano Beach worth over $1 million, a 2,244-square-foot house in Estero and a smaller condo in Aventura, court records show. The 63-year-old man also had to give up a 2018 Cadillac Escalade and a 2016 Tesla Model S.
From 2015 through 2021, Valdes owned and operated Gasiel Medical Services Corp., a medical clinic in Miami, from where he submitted around $38 million in fraudulent claims to United Healthcare and Blue Cross Blue Shield for the prescription drug Infliximab, the U.S. Attorney’s Office in Miami said Wednesday in a news release.
Source: Miami doctor living luxurious lifestyle gets 5 years in $38 million healthcare fraud / Miami Herald