The lack of provider screening by Medicare and other healthcare providers is allowing criminals to defraud and launder approximately $60 billion annually, according to Brian McEvoy, a former assistant U.S. attorney for the Southern District of Georgia. Individuals who receive the fraudulent medical-related payments, often for expenses they've never incurred, often wire the money to offshore accounts within hours, said McEvoy, who focused on related prosecutions. The schemes, which can involve "transient" nominees, can involve huge payouts intended for the seriously ill, he said. McEvoy, now a lawyer at the Atlanta,GA-based Chilivis, Cochran, Larkins & Bever, LLP, spoke with reporter...
Healthcare entitlement programs set to grow under legislation passed in March may have the unintended consequence of expanding related fraud and money laundering, say former U.S. investigators.
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