Newsfeed : Four N.Y. Defendants Charged in $274M HIV Medicaid Scam

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April 5, 2012

Four N.Y. Defendants Charged in $274M HIV Medicaid Scam

Four New York men have been charged with larceny, money laundering, commercial bribery and other crimes for re-labeling and reselling stolen, expired or otherwise improperly reused HIV medications, Crain's New York Business reports. The drugs were sold through MOMS Pharmacy, an HIV drug marketing company with sites in New York City and Long Island. A MOMS pharmacist and three outside conspirators were indicted. As a result of the black market venture, which brought in an estimated $274 million, MOMS billed Medicaid $155 million for the improperly reused drugs, an amount the state seeks to recoup from the defendants in civil litigation. MOMS is cooperating with authorities in the investigation.

To read the Crain's article, click here.

Search: HIV, drugs, crime, Medicaid, MOMS Pharmacy, New York

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