MIAMI – Steven King was the chief compliance officer for a pharmacy holding company. His lack of compliance with the law will make him a federal inmate.
A federal jury convicted the 45-year-old Miramar man of conspiracy to commit health care fraud and wire fraud in June for his role in a $50 million Medicare fraud scheme. It could have landed him a 20-year sentence.
Instead, a judge decided Thursday to sentence him to four-and-a-half years behind bars Thursday, prosecutors said. King will also have to pay $21 million in restitution.
Prosecutors said King and a group of co-conspirators operated A1C Holdings LLC, which operated a number 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 said after his June conviction.
Source: Miramar man gets 4 years for $50M Medicare fraud scheme / local10.com