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Pharma Investments, Ventures & Law Weekly

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Medicare and Medicaid



Owner of Medical Equipment Company Sentenced to 130 Months in Prison for Health Care Fraud



July 20th, 2008

A Miami resident was sentenced to 130 months in prison for his role in schemes to defraud the Medicare program, Acting Assistant Attorney General Matthew Friedrich of the Criminal Division and U.S. Attorney R. Alexander Acosta of the Southern District of Florida announced.

Gustavo Smith, 43, was sentenced today in the U.S. District Court for the Southern District of Florida by Judge Marcia G. Cooke. In addition to the prison sentence, Judge Cooke ordered Smith to serve three years of supervised release following his release from prison, forfeit $287,000 and pay $1,988,969 in restitution to the U.S. Department of Health and Human Services (HHS).

At...


Source: Pharma Investments, Ventures & Law Weekly (2008-07-20)

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