A man from Tarpon Springs, Florida, admitted to running a $42 million scam involving Medicare and pandemic loans. The federal government seized his 47-foot yacht and $1 million in cash.
48-year-old Chad Monroe pleaded guilty in federal court this week to conspiracy to commit wire fraud and healthcare fraud. Prosecutors explained how Monroe put together a network of shell companies designed to bill Medicare, TRICARE, and Medicare Advantage plans for millions of dollars of unnecessary medical services and products that were never requested by patients.
The scam he ran was supported by three medical supply companies he helped start. Since his…
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