Miss. Businessman Gets 18 Years For $288M Tricare Fraud

Law360 (January 15, 2021, 10:59 PM EST) -- A Mississippi man was sentenced Friday to 18 years in prison by a federal judge for his role in a $287.6 million scheme to defraud the Tricare health benefit program by paying doctors and drug distributors kickbacks.

Tricare is the health care benefit program serving U.S. military, veterans and their family members, and Wade A. Walters pleaded guilty in July to one count of conspiracy to commit health care fraud and money laundering by abusing the system.

Walters admitted to tampering with drug formulas and bribing doctors to authorize prescriptions for expensive compounded medications to rake in reimbursements from the federal...

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