Florida businessman sentenced to 14 years in jail for healthcare fraud and money laundering
A Florida businessman was sentenced to more than 14 years in prison for his role in a healthcare fraud and money laundering scheme, according to a Department of Justice (DOJ) news release.
David Brock Lovelace, 45, of Land O’Lakes, Fla., was found guilty in December 2015 of conspiracy to commit healthcare fraud and wire fraud, health care fraud, conspiracy to commit money laundering, money laundering and aggravated identity theft. In addition to spending 174 months in prison, he must also pay $2,512,460 in restitution.
Lovelace and co-conspirators used three medical clinics in Florida to submit approximately $12,351,046 in false and fraudulent claims to Medicare for cardiology, radiology, audiology and neurology services from approximately June 2010 through May 2014, according to court testimony. Medicare paid approximately $2,848,424 in reimbursement.
The DOJ said that Lovelace and his co-conspirators paid illegal kickbacks in exchange for Medicare patients and their information, used forged and falsified documents in the Medicare enrollment process and billed Medicare for services that physicians did not provide.
Executive Editor
Tim Casey joined TriMed Media Group in 2015 as Executive Editor. For the previous four years, he worked as an editor and writer for HMP Communications, primarily focused on covering managed care issues and reporting from medical and health care conferences. He was also a staff reporter at the Sacramento Bee for more than four years covering professional, college and high school sports. He earned his undergraduate degree in psychology from the University of Notre Dame and his MBA degree from Georgetown University.