Two Pharmacy Owners Plead Guilty in $18M Foreign Medicare Fraud Scheme

Two New York pharmacy owners who “exploited the Covid-19 emergency for their own financial gain,” pleaded guilty to an international scheme to submit fraudulent claims to Medicare for cancer medication, the Department of Justice (DOJ) announced Wednesday.

Arkadiy Khaimov, 39, and Peter Khaim, 42, both of Forest Hills, engaged in an elaborate healthcare scheme involving more than a dozen pharmacies in New York, according to the Justice Department. The two submitted millions of dollars in fraudulent Medicare claims for expensive cancer drugs that were not prescribed or distributed to patients. The drugs, Targretin gel, made by Bausch and Panretin gel, made by Concordia, were allegedly dispensed during periods when certain pharmacies were closed due to the pandemic.

“Khaim, Khaimov, and their co-conspirators exploited the Covid-19 emergency for their own financial gain by using Covid-19-related ‘emergency override’ billing codes to submit additional fraudulent claims for Targretin Gel 1%,” the DOJ said in a news release.

Source: Two Pharmacy Owners Plead Guilty in $18M Foreign Medicare Fraud Scheme / Med City News

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