Fraud: Florida Rx owner found guilty

Friday, August 31, 2007

MIAMI - A federal jury threw the book at pharmacy owner Nelson Valdes in July when it found him guilty of conspiracy to defraud the government, submit false claims to Medicare and receive kickbacks; conspiracy to submit healthcare fraud; and three counts of receiving kickbacks for referring patients to co-conspirator pharmacies. In September of 2001, Valdes conspired with the owners of Med-Pro Billing and Unimed Pharmacy to refer patients in exchange for half of what Medicare paid for compounded aerosols. After the FBI shut down Unimed in 2003, Valdes obtained a pharmacy license and continued to compound medication. From 2004 to 2007, Valdes' pharmacy collected $3 million.