U.S. taxpayers now own some serious toys for adults: A ’36 Ford, a ’64 Corvette, an ’08 Lamborghini, one of those drooled-over ’67 Camaros, a 51-foot racing boat and much more – all as a result of a guilty plea to a $100 million pharmacy fraud case, says a report in Joseph Farah’s G2 Bulletin.
A few pieces of real state, worth not quite $8 million, also were turned over.
According to the U.S. Department of Justice, the president and owner of a Florida pharmacy that was at the center of a massive compounding pharmacy fraud scheme pleaded guilty. Seven others previously admitted their part in the scheme.
Private insurance companies, Medicare and TRICARE were victims of the fraud, said Acting Assistant Attorney General Kenneth Blanco.
The feds said Nicholas A. Borgesano Jr., 45, of New Port Richey, Florida, who was the president and owner of A to Z Pharmacy, pleaded guilty in the Middle District of Florida to one count of conspiracy to commit health care fraud and one count of conspiracy to engage in monetary transactions involving criminally derived property.
His sentencing will be held later by U.S. District Judge James S. Moody Jr of the Middle District of Florida.
The plea agreement states Borgesano admitted owning and running multiple pharmacies and other companies to facilitate a fraud scheme involving prescription compounded medications.
“The scheme generated over $100 million in fraud proceeds, he admitted,” the DOJ report said.
His operations included A to Z Pharmacy in New Port Richey, Havana Pharmacy, Medplus/New Life Pharmacy and Metropolitan Pharmacy, all of Miami; and Jaimy Pharmacy and Prestige Pharmacy, both of Hialeah, Florida.