Odessa Man Sentenced to 10 Years in Pharmacy Fraud Plot
Eight others had already been sentenced in connection with the charges, according to the U.S. Justice Department.
WASHINGTON, DC – An Odessa man was sentenced Tuesday (March 19) for his participation in a massive compounding pharmacy fraud scheme, which impacted private insurance companies, Medicare and TRICARE, the U.S. Justice Department said.
Ademola O. Adebayo, 55, of Odessa, was convicted Jan. 11 after a four-day trial of one count of conspiracy to commit health-care fraud and wire fraud, three counts of health -care fraud, and one count of conspiracy to commit money laundering. He was sentenced before U.S. District Judge Federico A. Moreno of the Southern District of Florida, who presided over the trial.
Adebayo was sentenced to 120 months in prison today followed by three years supervised release. He was also orderd to pay $3.2 million in restitution and $1.4 million in forfeiture for his role in the plot, which impacted private insurance companies, Medicare and TRICARE. Eight others had already been sentenced in connection with the scheme. Various real properties, cars and a 50-foot boat have been forfeited as part of the sentencings.
According to evidence presented at trial, from 2012 to 2015, Adebayo and his co-conspirators engaged in a scheme to defraud private insurance companies, Medicare and TRICARE out of $121 million by submitting false and fraudulent claims for compounded drugs, primarily pain and scar creams, and other prescription medications that were not medically necessary, never provided, or both. The evidence established that in his role as the pharmacist at A to Z Pharmacy, a now-defunct pharmacy located in New Port Richey, Adebayo conspired to submit or cause the submission of claims that often amounted to several thousands of dollars for a single tube of pain or scar cream.
In 2014, when insurance companies discovered the fraud at A to Z Pharmacy and terminated their contracts with the pharmacy, Adebayo agreed to become the straw owner of Havana Pharmacy & Discount in Miami, which Adebayo and his co-conspirators used to continue the fraud, the evidence showed.
The evidence further established that Adebayo personally benefited from the fraud and received $1.5 million through the fraud, which he used to purchase luxury vehicles, including a Ferrari, a Lamborghini, a Bentley, a Porsche and two Cadillacs, as well as a house in Land O Lakes. All of these items were seized by the government.
Eight other defendants have pleaded guilty in this case. Nicholas Borgesano, 46, of New Port Richey, is serving 15 years for his role as the owner of A to Z Pharmacy in the fraud that involved Havana Pharmacy, Medplus/New Life Pharmacy and Metropolitan Pharmacy, all of Miami; and Jaimy Pharmacy and Prestige Pharmacy, both of Hialeah.
In addition to Borgesano, these defendants have previously been sentenced for their roles in the scheme:
- Scott P. Piccininni, 50, of Fort Lauderdale, sentenced to serve 51 months in prison;
- Bradley Sirkin, 56, of Boca Raton, sentenced to serve 46 months in prison;
- Peter B. Williams, 58, of New Port Richey, sentenced to serve 26 months in prison, to be served consecutively to a 60-month sentence of imprisonment he is serving as a result of his guilty plea to a separate indictment returned in the Southern District of Florida;
- Wayne M. Kreisberg, 41, of Parkland, placed on probation for a term of five years, to be served consecutively to a sentence of probation he is serving as a result of his guilty plea to a separate indictment returned in the Middle District of Florida;
- Joseph Degregorio, 71, of New Port Richey, sentenced to serve one year and one day in prison;
- Matthew N. Sterner, 48, of New Port Richey, sentenced to serve 36 months in prison; and
- Edwin Patrick Young, 49, of New Port Richey, sentenced to serve 66 months in prison.
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