Florida, USA resident Loyda Triana has pleaded guilty to laundering $735,695 fraudulently obtained from Medicare, Medicaid, and private health insurers through a large-scale health care fraud scheme.
The illicit proceeds that Triana laundered came from five fraudulent medical supply companies. Over two years, these fake medical supply companies billed Medicare, Medicaid, and private health insurers for over $48 million. The bills were for medical equipment that they did not actually purchase or provide to any patients. Triana cashed the checks that these companies provided to her and then returned the money to her co-conspirators after retaining a commission.
Authorities have charged at least 14 other individuals for this fraud and money laundering scheme. Triana will receive her sentence in May 2022.
Source: US Department of Justice