LOS ANGELES – A former Orange County man, Michael Mirando, has been found guilty of a colossal insurance fraud scheme that bilked companies out of millions. The 40-year-old, who now resides in Portland, Oregon, was convicted by a federal jury after a swift trial.
Mirando was the owner of Holter Labs, a company that provided cardiac monitoring services using Holter monitors. The trial evidence revealed Mirando’s involvement in a scheme to defraud insurance companies by submitting tens of thousands of fraudulent claims for millions of dollars in tests and services never performed.
From 2005 to 2016, Mirando submitted around $10 million in false bills, including $7 million for non-existent services. The insurance companies involved paid at least $2.5 million on these phony claims. Holter Labs billed for services like 30-day tests and even brain scans, which the device could not perform.
After being charged last year, Mirando was freed on bond but was remanded into custody during trial after attempts to tamper with potential jurors. United States District Judge Percy Anderson revoked his bond, finding Mirando guilty of jury tampering and attempting to obstruct justice.
Mirando is set to be sentenced on August 21, facing up to 150 years in federal prison for the 15 counts of health care fraud. He admitted using proceeds from the scam to purchase his Portland home, which could be seized in a forfeiture action.
The FBI conducted the investigation against Mirando, who is being prosecuted by Assistant United States Attorneys Michael G. Freedman and Katherine A. Rykken.
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Key Facts
- State: California
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|White Collar Crime
- Source: Official Source ↗
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