Florida pharmacy chief compliance officer convicted in $50M Medicare fraud scheme

The former chief compliance officer of a Florida pharmacy holding company was convicted for his role in a $50 million Medicare fraud scheme. 

According to a June 8 news release from the Justice Department, Steven King, of Miramar, Fla., was convicted of conspiracy to commit healthcare fraud and wire fraud.

Mr. King was chief compliance officer of pharmacy holding company A1C Holdings, which operated pharmacies in multiple states, according to the Justice Department. The company fraudulently billed Medicare for over $50 million for lidocaine and diabetic testing supplies beneficiaries did not need or want. 

According to the Justice Department, Mr. King and his co-conspirators registered some of their mail order pharmacies as brick-and-mortar locations to avoid more rigorous oversight. Mr. King and others increased reimbursements by sending patients refills without their consent and transferring patients between pharmacies without their permission. 

Mr. King faces up to 20 years in prison, according to the Justice Department. 

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