5 Busted in $86M Medicare and Medicaid Scam

According to Reuven Fenton, Yijun Wang, and Lia Eustachewich of the New York Post, “Five people were busted for bilking Medicare and Medicaid in a yearslong, $86 million scam in which they paid kickbacks in order to bill for bogus procedures, an indictment filed in Brooklyn Monday charges.

Aleksandr Pikus, Mark Tsyvin, Maksim Vernik, Denis Satyr and Malvina Yablonskaya are charged with funneling more than $38 million worth of reimbursements on the $86 million in bills through several New York shell companies that purported to provide consulting, marketing and advertising services.

Between 2008 and 2016, the alleged scammers referred customers to medical clinics in exchange for illegal kickbacks, according to papers filed in federal court.”

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