Illinois Cardiologist Sentenced for $13M Health Care Fraud

ekg.jpgThe Associated Press reports that on August 12, Sushil Sheth, a suburban Chicago cardiologist was sentenced to five years in prison for bilking Medicare and insurance companies out of more than $13 million for care never provided.
The 5-year sentence falls short of the 94 – 121 month advisory sentence called for by the United States Sentencing Guidelines, for losses that exceed $7M but are less than $20M, by a perpetrator with a special skill who was a leader or organizer of a criminal enterprise.
U.S. attorney’s office says used the proceeds to purchase a mansion, property in Arizona, luxury automobiles, and to invest in various venture capital opportunities.
The U.S. attorney’s office announced Wednesday that Sheth, who pleaded guilty a year ago to one count of health care fraud, was sentenced Tuesday by U.S. District Judge Rebecca Pallmeyer. He’s to begin serving the prison term in two months.
Prosecutors alleged the 50-year-old Sheth received $13.4 million between January 2002 and July 2007 in fraudulent reimbursements.
In June 2007, federal agents seized more than 600 uncashed checks from insurers totaling more than $6.7 million.