Bad medicine. Armen Karazianis headed an Armenian-American gang that bilked Medicare out of $163 million in one of the largest Medicare scams ever by one criminal gang. The Los Angeles-area man set up 118 fake medical clinics in 25 states, and stole the identities of doctors and Medicare beneficiaries. Karazianis also recruited Medicare patients for bogus treatments, and staged crashes for false injury claims. Karazianis received three years in federal prison.
From Insurance Journal
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