TEXAN pharmacist, Mohamed Mokbel, and his accountant, Fathy Elsafty, are facing up to 10 years behind bars for their roles in a US$134 million fraud scheme.
In a statement the US Attorney's Office, Southern District of Texas, alleged Mokbel's 4M Pharmaceuticals Inc, functioned as an outbound telemarketing call centre, with staff offering patients unnecessary treatments, and while many refused solicitations, the company billed the patients' insurers regardless.
The scheme which ran from Dec 2013 until Mar 2020, raked in more than US$134 million, with prosecutors reporting that US$15 million had been used to cover Mokbel's casino and gambling expenses.
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