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    Home»Markets»New York Scammers Allegedly Steal $120,000,000 From Medicare and Medicaid, Paying Aged Sufferers To Gas Scheme – The Each day Hodl
    New York Scammers Allegedly Steal 0,000,000 From Medicare and Medicaid, Paying Aged Sufferers To Gas Scheme – The Each day Hodl
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    New York Scammers Allegedly Steal $120,000,000 From Medicare and Medicaid, Paying Aged Sufferers To Gas Scheme – The Each day Hodl

    By Crypto EditorFebruary 14, 2026No Comments2 Mins Read
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    Two males from New York are accused of operating a healthcare scheme that defrauded Medicare and Medicaid out of greater than $100 million.

    The U.S. Division of Justice (DOJ) says it’s charging two males from Queens with masterminding a rip-off that stole $120 million from Medicare and Medicaid by submitting bogus claims.

    Authorities say Inwoo Kim and Daniel Lee conspired to make use of Kim’s companies – a pharmacy and two social grownup daycare facilities – to pay unlawful bribes and kickbacks to aged Medicaid sufferers and Medicare beneficiaries.

    The pair allegedly satisfied the seniors to file unneeded prescriptions at Kim’s pharmacy and enroll in medically pointless providers at his daycare facilities, then billed Medicare and Medicaid for the care that was supposedly offered.

    Says Appearing Medicaid Inspector Frank T. Walsh Jr.,

    “Medicaid fraud threatens the well being and security of beneficiaries, wastes taxpayer {dollars}, and drains important sources from the well being care supply system.

    This joint effort sends a transparent message that the Empire State is dedicated to working intently with our regulation enforcement companions to guard the integrity of the Medicaid program, maintain incorrect doers absolutely accountable, and protect treasured well being care sources.”

    Each Kim and Lee have been charged with conspiracy to commit healthcare fraud.

    If convicted, they resist 10 years in jail every.

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