Zahid Aslam, Bank and Healthcare Fraud, Delaware 2019
A former Delaware physician has been sentenced to 30 months in prison for making a false statement to a financial institution, according to a recent investigation.
On May 31, 2019, District Judge Richard G. Andrews sentenced Zahid Aslam, a 46-year-old former physician from Newark, Delaware, to 30 months in prison.
Aslam, who had practices in Delaware, Maryland, and Pennsylvania, previously pleaded guilty in November 2018 to using third-party nominee borrowers to obtain loans on his behalf at two different financial institutions.
These loans, which Aslam could not have otherwise qualified for on his own, fueled the growth of his medical practices. At the time of his guilty plea, Aslam and two of his health care entities entered into a separate $3,070,000 civil settlement to resolve health care fraud allegations.
One of those entities also pleaded guilty to criminal health care fraud and paid a $100,000 fine. As a result of his criminal conviction and the civil settlement, Aslam surrendered his medical licenses and has been barred from billing federal healthcare programs.
As a non-citizen, Aslam is also subject to removal by immigration authorities. The 30-month sentence was a culmination of a multi-year investigation and prosecution of Aslam and his health care entities relating to bank fraud and health care fraud.
The case was prosecuted by Assistant U.S. Attorney Robert F. Kravetz and was investigated by the FBI's Baltimore Division, the Department of Health and Human Services Office of Inspector General, and the Internal Revenue Service-Criminal Investigations Division.
The agencies also received investigative assistance from the State of Delaware Medicaid Fraud Control Unit, the State of Maryland Medicaid Fraud Control Unit, the Federal Housing Finance Agency-Office of Inspector General, and the Special Inspector General of the Troubled Asset Relief Program.
Defendant: Zahid Aslam
Criminal Charges: Making a false statement to a financial institution
City and State: Wilmington, Delaware
Exact Date: May 31, 2019
Sentence or Outcome: 30 months in prison
Dollar Amounts: $3,070,000 (civil settlement), $100,000 (fine)
Key Facts
- State: Delaware
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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