'Wolf of Wall Street'-linked medical device firm raided by FBI

Boca Raton, Fla.-based Med-Care Diabetic & Medical Supplies, which employs Daniel M. Porush, who inspired the character Donnie Azoff in the movie "The Wolf of Wall Street," was raided by the FBI for suspected Medicare fraud, according to a Bloomberg report.

Med-Care is facing a lawsuit filed under the qui tam, or whistle-blower, provisions of the False Claims Act. The lawsuit was filed by a former telemarketer who worked with the medical device firm.

The lawsuit alleges Mr. Porush and his wife, who is the co-owner of Med-Care, "took part in a conspiracy to submit false claims to Medicare" for a number of items, including diabetic supplies, according to the report.

A Med-Care lawyer, Stephen Best, told Bloomberg the company "has been aware of a regulatory probe," and denied the allegations in the False Claims Act lawsuit.

"I stand by everything this company is doing," Mr. Best told Bloomberg. "When you're dealing with 350,000 patients around the country on a multiple times a year basis, there may be some snafus. At the end of the day, I've looked into every specific allegation. I've never found there to be a problem."

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