Pharmacy Owner Handed Eight Years in Prison for False Claims, Money Laundering Scheme
- June 28, 2024
Peter Khaim was sentenced to 97 months in prison for using New York-area pharmacies to submit false and fraudulent claims to Medicare and then laundering the criminal proceeds, U.S. Attorney for the Eastern District of New York Breon Peace announced June 24.
According to court documents, Khaim and his brother and co-conspirator used the pharmacies to submit millions of dollars in fraudulent claims to Medicare, including during the COVID-19 pandemic.
The conspirators used COVID-19-related “emergency override” billing codes to submit fraudulent claims for expensive cancer medications Targretin Gel 1% and Panretin Gel 0.1% that were not prescribed by physicians or dispensed to patients and that were purportedly dispensed during periods when certain pharmacies were closed, a press release said.