CEO Sentenced to Jail in $ 150 Million Health Care Fraud, Opioid Distribution and Money Laundering Scheme | Takeover bid

CEO Sentenced to Jail in $ 150 Million Health Care Fraud, Opioid Distribution and Money Laundering Scheme |  Takeover bid

The CEO of a group of Michigan and Ohio-based pain clinics and other medical providers was sentenced today to 15 years in prison for developing and approving a company policy to administer unnecessary injections to patients in exchange for prescriptions of more than 6.6 million doses. medically unnecessary opioids.

Mashiyat Rashid, 40, of West Bloomfield, Michigan, was the CEO of the Tri-County Wellness Group of Michigan and Ohio medical providers. In addition to jail time, Rashid was also ordered to pay more than $ 51 million in restitution to Medicare, as well as the confiscation in the United States of assets traceable to the proceeds of the healthcare fraud system, including over $ 11.5 million, commercial real estate, residential real estate and a season pass to the Detroit Pistons.

Rashid pleaded guilty in 2018 to one count of conspiracy to …

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