Exec Pleads Guilty, Will Pay $16.5M For Medicare Fraud

Law360 (November 16, 2020, 11:25 PM EST) -- The owner of several medical brace companies has pleaded guilty in New Jersey federal court for his part in a national $1.2 billion telehealth scam to lure patients into procuring unnecessary joint braces and stick Medicare with the tab, and agreed to pay back more than $16.5 million.

Albert Davydov, of New York, pled guilty Friday to violating the federal Anti-Kickback Statute after prosecutors said he was part of a $150 million scheme to gin up fraudulent prescriptions for braces using a Philippines-based marketing company, within a larger national plot that netted at least 16 suspects.

As part of his plea...

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