Tonmoy Sharma, the former leader of the Sovereign Health Group, was arrested for multiple counts of insurance fraud. Between 2014 and 2020, Sharma allegedly made $149 million in fraudulent insurance claims and conducted unnecessary urinalysis tests totaling $29 million. Additionally, improper kickback payments over $21 million were made to brokers for directing clients to his clinics. Sharma, facing substantial prison time if convicted, was detained after returning from a trip. Alongside him, Paul Khor, a former employee, was also arrested for conspiracy and illegal payment activities.
"Sharma, a former leader in the recovery industry, is accused of submitting $149 million in fraudulent insurance claims, along with conducting unnecessary tests and paying illegal kickbacks."
"The U.S. Department of Justice alleges that he and his firm ran up millions in expenses while engaging in a scheme to exploit insurance reimbursements for profit."
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