Albert Davis has pleaded guilty to his involvement in a $9.5 million scheme in which he and his co-conspirators created a company impersonating Cerner, reports the Kansas City Business Journal.
The other defendants in the case are Christina Bryant, Richard Bryant, David Hernon and David Tayce.
The five individuals created a fake company, which they called Cerner LLC. In addition to opening a bank account and purchasing an internet domain, they produced fake documents, agreements and invoices. The conspirators even generated fictitious employees, some of whose names were those of actual Cerner employees.
After forming their fake company, the group sent emails to physicians at Oklahoma City-based Summit Medical Center, highlighting the sale of a fictitious new MRI machine. Mr. Davis and his conspirators also provided fraudulent documents stating they sold the machine to Dallas Medical Center. Eventually the group convinced the Summit Medical Center physicians to guarantee $8 million in loans from the Community Trust Bank in Texas.
The conspirators, all from Texas, each face a 20-year prison sentence without parole as well as a fine of $250,000 each plus restitution.