Miami man jailed 50 years for $205 million health fraud

[Blue_Tires]

Source: Reuters

MIAMI (Reuters) - A Miami businessman was sentenced to 50 years in prison on Friday for masterminding a healthcare fraud scheme that sought to bilk the U.S. government out of more than $200 million.

Lawrence Duran, 49, the owner of Miami-based American Therapeutic Corp, was arrested last October on charges that he executed what prosecutors described in court documents as "one of the largest and most brazen healthcare fraud conspiracies in recent memory."

His prison sentence was believed to be the harshest ever for defrauding Medicare, the federal insurance plan for the elderly and disabled. He also was ordered to pay $87.5 million in restitution.

American Therapeutic was one of the nation's largest chains of community mental health centers licensed by Medicare.



Read more: http://news.yahoo.com/miami-man-jailed-50-years-205-million-health-172315048.html

[Evasporque]

1. did they pull the license...? nt

[theoldman]

2. Good luck on collecting that money.

It has either been spent or placed in a foreign bank.

[hedgehog]

3. That's an $87.5 million dollar savings in Medicare spending that doesn't

cost the providers or the beneficiaries a single penny.

[sinkingfeeling]

4. Excellent!

[rfranklin]

5. What about the Governor of Florida?

I think he has the record for fraud against Medicare.

[think]

8. +1

[Historic NY]

9. +2

[louslobbs]

12. +3

Lou

[valerief]

16. +4

[quaker bill]

17. +a whole bunch

[Auggie]

6. More!

[SomeGuyInEagan]

7. SLACKER! There are people on Wall Street who can do that by noon most days.

'Course, they don't ever get prosecuted.

[Politicalboi]

10. So who's the Governor now?

Oh....

[MidwestTransplant]

11. So who's going to be Governor now?

Oh it was another medicare fraudster.

[greiner3]

13. "Miami man jailed 50 years for $205 million health fraud"

Damn, I thought this was about Rick Scott again.

[dogmoma56]

14. life in prison and he gets to keep $162,000,000..??

[TheWraith]

18. That money is probably gone and not recoverable. nt

[valerief]

15. He'll be governor of Florida next. nt

[JJW]

19. Chump change

The Gov of Florida defrauded medicare out of billions of dollars.

[Enthusiast]

20. K&R! Why no jail time for Rick Scott?

[DCKit]

21. K&R for both the OP and the comments.

Y'all rock!

pRick Scott made his fortune off Medicare fraud, and he simply walked away (with all the money).