Owner of “Serenity Ranch Recovery” Found Guilty in $38 Million Fraud Scheme
Fort Lauderdale, Florida (March 2020) – After a six-week jury trial Sebastian Ahmed, 42, of Delray Beach, Florida, was convicted of conspiracy to commit health care fraud and wire fraud, five counts of health care fraud, conspiracy to commit money laundering, and eleven counts of money laundering. According to the U.S. Attorney’s Office, the co-conspirators took advantage of and exploited vulnerable drug addicts, the most of whom were only 18 to 26 years old; falsified paperwork; and entered into various kickback arrangements, so that they could pocket millions of dollars of falsely and fraudulently obtain fund for their own personal use and benefit. Out of all the co-conspirators, Sebastian Ahmed profited the most, netting more than $2.8 million in just less than a three year period.
Sentencing is scheduled for August 6, 2020. As for the health care fraud and wire fraud conspiracy and money laundering conspiracy convictions, Amhed defendant faces a statutory maximum of 20 years in prison per count. As to the health care fraud and money laundering convictions, Amhed faces an additional maximum statutory sentence of 10 years in prison.