U.S. Charges Three People in $1 Billion Medicare Fraud Scheme

From Reuters

The U.S. Department of Justice unveiled its largest-ever criminal healthcare fraud case against individuals on Friday, charging the owner of Miami-based assisted living facilities and two others in a $1 billion scheme to swindle Medicare.

Prosecutors alleged that Philip Esformes, 47, "masterminded and executed a sophisticated health care fraud and money laundering" conspiracy that spanned more than a decade, according to court records.

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