News Briefs: November 20, 2023

◆ A former chief compliance officer convicted in a $50 million fraud scheme was sentenced to four years and six months in prison and ordered to pay $21.7 million in restitution, the U.S. Department of Justice (DOJ) said Nov. 16.[1] Steven King of Miramar, Florida, chief compliance officer of A1C Holdings LLC—a Florida pharmacy holding company—was found guilty by a jury of conspiracy to commit health care fraud and wire fraud.[2] The verdict came down about 10 months after James Letko, the CEO of A1C, pleaded guilty in the scheme, which included billing Medicare for refills of prescription drugs and diabetic testing supplies for dead beneficiaries. Lawyers called the verdict a variation on the accountability theme that hit home when DOJ started requiring compliance officers to certify their organization’s compliance program is functioning effectively as part of the resolution of certain criminal cases.

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