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Fake Doc Scam: Fair Oaks Man Indicted for $250K Medical Device Fraud
A 38-year-old Sacramento County man has been hit with a four-count indictment for a brazen medical device sales scam that bilked investors out of $250,000, federal authorities announced today.
Michael Andrew Scott, of Fair Oaks, was arrested and charged with wire fraud in connection with the scheme, which unfolded between June 2018 and June 2022, according to the U.S. Attorney’s Office for the Eastern District of California.
According to court documents, Scott, the mastermind behind the scheme, told investors that his company, Trusted Medical Partnership, had received purchase orders for medical devices from healthcare providers in Northern California, but lacked the capital to fulfill the orders.
Scott convinced investors to lend him money, promising them substantial returns in a short time with zero risk, but instead, he spent the cash on high-stakes gambling, personal expenses, and payments to earlier investors to keep the scheme afloat.
As part of the scheme, Scott sent fabricated copies of purchase orders to some of his victims, further convincing them to lend him money based on the fake documents.
The Federal Bureau of Investigation conducted the investigation that led to Scott’s indictment, and Assistant U.S. Attorney Dhruv M. Sharma will prosecute the case.
Scott faces a maximum penalty of 20 years in prison and a $250,000 fine if convicted. The charges against him are mere allegations, and he is presumed innocent until proven guilty beyond a reasonable doubt.
Key Facts
- State: California
- Agency: DOJ USAO
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: Official Source ↗
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