The US Department of Justice has announced that Yogesh K Pancholi, a 43-year-old Indian citizen, has been sentenced to a nine-year term of incarceration in the United States for his involvement in a health care fraud scheme amounting to $2.8 million.
Legal records reveal that Yogesh K Pancholi, the Indian national and proprietor of Shring Home Care Inc., a healthcare enterprise, engaged in fraudulent activities by acquiring the company under false pretenses. Despite being prohibited from billing Medicare, Pancholi utilized the names, signatures, and personal information of others to conceal his ownership of the company, as reported by the news agency PTI.
Over the course of two months, Pancholi, a resident of Michigan, along with his associates, perpetrated a scheme involving the submission of deceitful claims, resulting in Medicare disbursing nearly $2.8 million for services that were never provided, alleged federal prosecutors.
Pancholi purportedly funneled the ill-gotten proceeds through bank accounts linked to dormant corporations, ultimately channeling them into accounts situated in India, PTI cited the US Department of Justice.
Furthermore, prior to his trial, Pancholi resorted to deceptive tactics by assuming a false identity and disseminating slanderous emails. These communications, directed at various federal agencies, falsely accused a government witness of engaging in multiple criminal activities. The objective was to hinder the witness's testimony, according to statements from the Department of Justice.
In September of the previous year, a jury found Pancholi guilty on multiple charges, including conspiracy to commit health care and wire fraud, substantive health care fraud, money laundering, aggravated identity theft, and witness tampering.
