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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
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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,
Pharmacy owner and accountant indicted in $134M health care fraud scheme irs.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irs.gov Daily Mail and Mail on Sunday newspapers.
Houston pharmacy owner and accountant indicted in $134M health care fraud scheme
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HOUSTON – Two Houston area men are now in custody on charges of conspiracy to commit health care fraud relating to a pharmacy fraud scheme, U.S. Attorney Jennifer Lowery announced Tuesday.
Authorities arrested Mohamed Mokbel, 56, and Fathy Elsafty, 62. The suspects are expected to make their first appearances in court at 2 p.m. According to the eight-count indictment, Mokbel is the owner of several Houston area pharmacies, while Elsafty is his accountant.
Investigators said 4M Pharmaceuticals Inc. was the parent company for several retail pharmacies that operated in locations that included Houston, Fort Worth, and South Florida. Mokbel was 4M’s CEO, and allegedly had ownership interests in the subsidiary pharmacies. The charges allege Elsafty served as 4M’s accountant and tax preparer as well as nominee owner