SAVANNAH, Ga. (AP) — Federal authorities say they're writing $27.8 million in checks to repay Medicare, Medicaid and private insurers that got swindled by father-and-son business owners who stockpiled prescription drugs that were paid for by insurance and sold them for big profits.
U.S. Attorney Edward Tarver in Savannah announced the payments Thursday, more than seven years after Martin Bradley III of Miami and his father, Martin Bradley Jr. of Savannah, were convicted of racketeering and related charges. Prosecutors say the Bradleys and their company, Bio-Med Plus, committed fraud from Florida to California to obtain expensive drugs for a fraction of their real cost. Drugs were then re-sold.
The Bradleys are serving prison sentences and recently exhausted their appeals. Tarver said the restitution money comes from liquidation of their planes, yachts and vacation homes.
Created: Thu, 01 Aug 2013 01:15:01 EST
Updated: Thu, 01 Aug 2013 01:15:01 EST