Kareem {LinkedIn}
By Sharon Aron Baron
A Coral Springs man has pleaded guilty to his role in a multimillion-dollar healthcare fraud.
During a crackdown on healthcare fraud, Kareem Memon, 34, has confessed to orchestrating a multimillion-dollar kickback operation involving durable medical equipment (DME).
Memon’s guilty plea came before U.S. District Court Judge Raag Singhal in the Southern District of Florida, where he admitted to one count of conspiracy to commit health care fraud and another count of conspiracy to violate the federal Anti-Kickback Statute.
Court documents and statements revealed that, alongside his accomplices, Memon managed marketing call centers and telemedicine companies to secure doctors’ orders for DME for Medicare beneficiaries, regardless of medical necessity.
These orders, procured through bribes to DME providers, resulted in over $11 million in Medicare losses.
The saga of Memon’s legal woes includes a guilty plea on September 21, 2023, for separate charges of wire fraud, money laundering, and being a felon in possession of a firearm before the same judge.
According to the documents, he exploited the Coronavirus Aid, Relief, and Economic Security (CARES) Act to fraudulently obtain over $451,000 in loans meant for economic relief during the pandemic, using these funds for personal benefit.
At the time of his arrest, Memon was found unlawfully in possession of an arsenal comprising 12 firearms and ammunition.
Memon faces a maximum of ten years in prison for the healthcare fraud conspiracy charge and up to five years for the kickback conspiracy charge.
Both charges could also lead to a fine of $250,000 or twice the gross gain or loss from the offense, whichever is greater. His sentencing is scheduled for March 26, 2024.
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