"Prosecutors allege Petrosyants took millions from insurance programs designed to provide health care coverage for car crash victims by submitting fraudulent claims to insurers for medical services that were never provided or unnecessary."
"Stoyanovsky and Khavko are two businessmen with close ties to ex-Adams chief of staff Frank Carone, who were sued by GEICO in 2024 for allegedly running a similar insurance fraud scheme."
"The defendants operated with the help of a New York law firm that is not identified in filings, and they funneled millions from advances into Sunstone Service and Blue Tech Supplies, which are not legitimate medical providers."
Zhan Petrosyants, a close friend of ex-Mayor Eric Adams, has been indicted for insurance fraud and money laundering in a scheme involving fraudulent claims to insurers. Prosecutors allege he submitted claims for medical services that were either unnecessary or never provided, using shell corporations. Alongside Petrosyants, Vladislav Stoyanovsky and Dmitriy Khavko were also charged, both having ties to Adams' former chief of staff. The defendants allegedly funneled millions into non-legitimate medical providers and transferred funds to various accounts, including a jewelry business in Manhattan.
Read at www.amny.com
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