The former CEO of Chicago-based Aggeus Healthcare was sentenced to a year in prison for his alleged role in a Medicare billing scheme, St. Louis Post-Dispatch reports.
James Sayadzal pleaded guilty to a conspiracy charge last year. Mr. Sayadzal was one of three Aggeus Healthcare executives and six physicians allegedly involved in Medicare fraud concerning podiatry services at nursing homes and long-term care facilities between 2009 and 2015.
As part of the scheme, Yev Gray, a former majority owner of Aggeus, allegedly created a billing system to bring in Medicare payments for unperformed or uncovered services, the report states.
Mr. Gray was sentenced to seven and a half years in prison and ordered to pay $7 million to Medicare. Mr. Sayadzal was ordered to pay $1.8 million.