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Fraud Scheme

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Westchester Pharmacies Tied To $11.5M Medicaid Fraud Scheme, Former Owner Gets Prison Time Westchester Pharmacies Tied To $11.5M Medicaid Fraud Scheme, Former Owner Gets Prison Time
Westchester Pharmacies Tied To $11.5M Medicaid Fraud Scheme, Former Owner Gets Prison Time The owner of several pharmacies in Westchester County and New York City has been sentenced to prison for running a multimillion-dollar Medicaid fraud scheme that endangered vulnerable HIV patients, officials said. Aftab Hussain was sentenced to two to six years in prison for stealing over $11.5 million through a scheme involving illegal kickbacks and black market medications, the Attorney General’s Office announced on Wednesday, Nov. 20.  According to the AG's Office, Hussain owned or controlled more than 20 pharmacies, including some in Westchester County, where he exploited low-…

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by Ben Crnic
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$1B Scheme: Pair Of CEOs, Including NY Man, Defrauded 10K Investors, Jury Finds $1B Scheme: Pair Of CEOs, Including NY Man, Defrauded 10K Investors, Jury Finds
$1B Scheme: Pair Of CEOs, Including NY Man, Defrauded 10K Investors, Jury Finds A New York resident was one of two CEOs convicted in federal court of a $1 billion fraud scheme involving thousands of investors. Long Island resident David Gentile, age 57, of Manhasset, and Jeffry Schneider, age 55, of Austin, Texas, were found guilty in federal court on all counts of an indictment charging them with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and securities fraud. Gentile, the owner and CEO of GPB Capital Holdings, was also convicted on two counts of wire fraud. The verdict came after an eight-week trial. When sentenced on Thursd…

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by Joe Lombardi
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New Canaan Man Charged In Massive Fraud Scheme Could Get 85 Years In Prison New Canaan Man Charged In Massive Fraud Scheme Could Get 85 Years In Prison
New Canaan Man Charged In Massive Fraud Scheme Could Get 85 Years In Prison A New Canaan man working as an executive for an audit firm is facing nearly 100 years in prison for his role in an elaborate wire fraud scheme. Geoffrey Berman, the United States Attorney for the Southern District of New York, announced this week that David Britt, 54, was among five former employees at accounting firm KPMG who are facing charges in connection with their scheme to defraud the Securities and Exchange Commission for several years through an elaborate series of back channels. The Public Company Accounting Oversight Board (PCAOB), which is overseen by the SEC inspects audit work…

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by Zak Failla