Related Federal Cases
- Mark Thompson, Wire Fraud and Conspiracy, New York NY, 2023 · New York
- Todd Faustin, Workers’ Compensation Fraud, New York NY, 2023 · New York
- Sark Wire Corporation, PPP Fraud, Albany NY, 2023 · Pennsylvania
- Sark Wire Corporation, PPP Loan Fraud, Albany NY, 2020 · New York
- Kenneth Thom, Investment Adviser Fraud, New York NY, 2026 · New York
QUEENS MAN PLEADS GUILTY TO MAIL AND WIRE FRAUD
Arkadiy Khaimov, a 37-year-old resident of Forest Hills, Queens, pleaded guilty to conspiring to commit mail and wire fraud by defrauding a pharmaceutical manufacturer of approximately $6.9 million in Central Islip, New York.
According to court documents, Khaimov and his co-conspirators submitted claims for approximately $6.9 million in reimbursements under the Co-pay Program for medications that pharmacies operated by the defendant and his co-conspirators never actually dispensed. In some cases, Khaimov and his co-conspirators fraudulently used the credentials of a Nassau County-based physician to submit the false claims.
Khaimov faces up to 20 years in prison when sentenced. As part of the plea, he agreed to forfeit approximately $489,000 as proceeds involved in the fraudulent scheme.
“With today’s guilty plea, Khaimov is held accountable for bilking a program designed to reduce the cost of prescription medicines so that he could line his own pockets with millions of dollars,” stated Acting United States Attorney DuCharme. “The defendant will now face the consequences of his fraudulent scheme.”
The pharmaceutical manufacturer, referred to in the indictment as “John Doe Company 1,” established the Co-pay Program to reimburse pharmacies for dispensing a prescription medication. Between approximately February 2017 and July 2018, Khaimov and his co-conspirators submitted claims for reimbursements under the Co-pay Program.
Seth D. DuCharme, Acting United States Attorney for the Eastern District of New York, announced the guilty plea. “The defendant’s actions are a clear example of how white-collar criminals will stop at nothing to line their own pockets,” said DuCharme.
The government’s case is being handled by the Office’s Long Island Criminal Division. Assistant United States Attorneys Bradley T. King, Madeline O’Connor, and Department of Justice Trial Attorney Andrew Estes are in charge of the prosecution.
Khaimov is set to be sentenced at a later date. The case is Eastern District of New York Docket No. 20-CR-267 (SJF).
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 →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News