Two former owners of New York pharmacies who pleaded guilty to an $18 million healthcare fraud scheme were sentenced to 14 collective years in prison.
In November, Arkadiy Khaimov, 41, and Peter Khaim, 44, pleaded guilty to submitting fraudulent claims for high-cost medications at their pharmacies. They funneled the Medicare reimbursements through shell companies, including fake pharmacy wholesalers, to hide their actions.
Mr. Khaimov was sentenced to six years in prison and Mr. Khaim was sentenced to about eight years, the Justice Department said in a June 24 news release. Mr. Khaimov was also ordered to pay more than $18 million in restitution and forfeit more than $9.6 million, and Mr. Khaim was ordered to pay more than $18 million in restitution and forfeit more than $2.7 million.