Florida pharmacy owner charged in $5M insurance fraud scheme

The president and co-owner of Physician Specialty Pharmacy in Pensacola, Fla., was charged in connection to a $5 million scheme to defraud Tricare and other insurance companies, according to local news station WEAR- TV. 

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The U.S. Justice Department claims 33-year-old Andrew Fisher agreed to fill illegitimate prescriptions to boost revenue. In addition, Mr. Fisher allegedly paid a commission to marketing representatives who recruited patients to receive compounded drug prescriptions from his pharmacy.  

Prosecutors also allege Mr. Fisher, who is not a licensed pharmacist, told his employees to use ingredients that would maximize the amount his pharmacy could bill to insurers.

He faces healthcare fraud, wire fraud and money-laundering charges.

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