Arkadiy Khaimov, Defrauding Pharmaceutical Manufacturer, New York 2020
Queens Man Sentenced to 51 Months in Prison for Defrauding Pharmaceutical Manufacturer
Earlier today, in federal court in Central Islip, Arkadiy Khaimov, 39, was sentenced by United States District Judge Joan M. Azrack to 51 months in prison for defrauding a pharmaceutical manufacturer of approximately $7.2 million by submitting fraudulent claims under the manufacturer’s Co-pay Coupon Program.
As part of the sentence, Khaimov was ordered to forfeit approximately $489,000 as proceeds involved in the fraudulent scheme and to pay restitution of approximately $7.2 million. In August 2020, Khaimov pleaded guilty to conspiracy to commit mail and wire fraud.
Breon Peace, United States Attorney for the Eastern District of New York, announced the sentencing.
“Khaimov selfishly stole from a program that was intended to reduce the cost of a medication to uninsured individuals and those in need of financial assistance, who were suffering from a serious and potentially life-threatening disease,” stated United States Attorney Peace. “Today’s sentence sends a message that incarceration and significant financial penalties are the criminal justice system’s remedies for those who would abuse such beneficial programs to benefit themselves.”
Mr. Peace expressed his appreciation to the Federal Bureau of Investigation, New York Field Office, the United States Postal Inspection Service and Internal Revenue Service-Criminal Investigation for their exemplary work on the case.
The pharmaceutical manufacturer established the Co-pay Coupon Program to reimburse pharmacies for dispensing a prescription medication, which was described as a “priceless breakthrough” and potential “cure” for a serious and possibly deadly disease, to the uninsured and those in need of financial assistance. Between February 2017 and July 2018, Khaimov and his co-conspirators used the computers of pharmacies they operated in Queens and Manhattan to submit claims for approximately $7.2 million in reimbursements under the Co-pay Coupon Program for medications that the pharmacies never actually dispensed.
The Defendant:
ARKADIY KHAIMOV (also known as “Alex”)
Age: 39
Forest Hills, Queens
Criminal Charges: Conspiracy to Commit Mail and Wire Fraud
City and State: Queens, New York
Date: August 2020 (plea), February 2023 (sentencing)
Sentence: 51 months in prison
Forfeiture: Approximately $489,000
Restitution: Approximately $7.2 million
Key Facts
- State: New York
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →