US pharmacy owners sentenced for $18 million Covid fraud, money laundering
Two pharmacy owners in New York have been sentenced for orchestrating an $18 million healthcare fraud and money laundering scheme.
Peter Khaim and Arkadiy Khaimov pleaded guilty in November 2022 to conspiracy charges involving money laundering.
The scheme involved their New York pharmacies submitting millions of dollars in false Medicare claims during the pandemic.
To hide their illicit gains, they channeled money through shell companies, including fake pharmacy wholesalers.
These companies were used to transfer funds to China, ultimately destined for individuals in Uzbekistan.
Khaim has been sentenced to eight years and one month in prison. Khaimov was sentenced to six years in April.
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