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.
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