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Pharmacy Owner and Accountant Indicted in $134m Health Care Fraud Scheme
Mohamed Mokbel and Fathy Elsafty, of Houston, Texas, were arrested on charges of money laundering, health care fraud, and conspiracy to commit health care fraud for their participation in an alleged pharmacy fraud scheme.
Mokbel served as CEO of 4M Pharmaceuticals, Inc., the parent company of several retail pharmacies that operated in Texas and Florida, and Elsafty was 4M Pharmaceutical’s accountant and tax preparer. Both individuals had ownership interests in the retail pharmacies.
According to the indictment, 4M Pharmaceutical employees operated as call center employees to solicit Medicare, Medicaid, and commercial insurance patients nationwide by offering patients medically unnecessary diabetic supplies and topical creams. Even though many patients rebuffed the solicitation attempts, 4M Pharmaceuticals and its subsidiaries allege
The Justice Department lists some of the purchases as nearly $725,000 for homes in Katy and Cypress, and $78,000 for a 2020 Land Rover.
Farizani, Razavi, Hajjar, and Acuña allegedly misled patients and staff to believe that Hajjar and Acuña were licensed to practice medicine in Texas.
The court documents go on to allege that Farizani and Razavi directed Hajjar and Acuña to pose as licensed medical professionals. Hajjar and Acuña then allegedly examined, diagnosed, treated, referred and prescribed drugs for patients.
Documents note that many of the patients were non-English speaking Medicaid clients unfamiliar with the American medical system.