Leader Of Black-Market HIV Medication Fraud Scheme Sentenced to Nine Years In Prison
summary
Boris Aminov, leader of a black-market HIV medication fraud scheme, was sentenced to nine years in prison for defrauding Medicaid, Medicare, and private insurance companies out of at least $20 million.
paragraph
Boris Aminov orchestrated a years-long scheme that exploited vulnerable HIV patients and defrauded Medicaid, Medicare, and private insurance companies out of at least $20 million. He distributed black-market HIV medications to pharmacies, jeopardizing the health and safety of hundreds of low-income individuals. Aminov was ordered to pay $13,270,379.50 in restitution and $4,401,495 in forfeiture.
narrative
Boris Aminov, a 47-year-old Brooklyn resident, was sentenced to nine years in prison for orchestrating a years-long health care fraud scheme that defrauded Medicaid, Medicare, and private insurers of at least $20 million by trafficking in black-market HIV medications. He and co-conspirators exploited vulnerable, low-income HIV patients by distributing counterfeit or illicit drugs to pharmacies, which then dispensed them to unsuspecting patients under the guise of legitimate prescriptions. To conceal proceeds, funds were funneled through pharmacy-owned bank accounts into shell companies controlled by Aminov. Aminov pled guilty to conspiracy to commit health care fraud and was ordered to pay $13,270,379.50 in restitution and $4,401,495 in forfeiture. The FBI investigated the case, and the U.S. Attorney’s Office for the Southern District of New York prosecuted it, emphasizing the scheme’s severe impact on public health and trust in the medical system. Aminov's scheme put the health and safety of hundreds of low-income individuals at risk, and his actions were deemed a serious threat to the integrity of the healthcare system.
Classified health-care-fraud(confidence 100%). No EDGAR filing fingerprint (criminal/DOJ-side scheme). detection rule →
Parties
boris aminovjudge mary kay vyskocil
Keywords
hivaminovmedicationschemenine prisonblack-marketlinkleader black-marketmedication fraudfraud schemescheme ninegovernment non-governmentnon-government sitessites typicallytypically appear
Extracted insights
Dollar amounts 4
- $20.00M $20 million $10M–$100M
- $13.27M $13,270,379 $10M–$100M
- $13.00M $13 Million $10M–$100M
- $4.40M $4,401,495 $1M–$10M
Entities 2
- person boris aminov
- person judge mary kay vyskocil
Triples 11
- Boris Aminov sentenced to nine years in prison
- Boris Aminov ordered to pay $13,270,379.50 in restitution
- Boris Aminov pled guilty to one count of conspiracy to commit health care fraud
- Boris Aminov orchestrated scheme defrauding Medicaid, Medicare, and private insurance companies out of at least $20 million
- Boris Aminov distributed black-market HIV medications to pharmacies in New York City
- Boris Aminov and others engaged in scheme from 2017 through 2023
- Boris Aminov exploited hundreds of low-income HIV patients
- Judge Mary Kay Vyskocil imposed nine-year prison sentence on Boris Aminov
- Boris Aminov ordered to pay forfeiture $4,401,495.00
- Boris Aminov sentenced to three years of supervised release
- Boris Aminov is 47 years old from Brooklyn, New York
Extracted body text (3,512c)
Press Release Leader Of Black-Market HIV Medication Fraud Scheme Sentenced to Nine Years In Prison Wednesday, April 17, 2024 Share FacebookLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. XLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. LinkedInLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Email For Immediate Release U.S. Attorney's Office, Southern District of New York Boris Aminov Was Additionally Ordered to Pay More Than $13 Million in Restitution Damian Williams, the United States Attorney for the Southern District of New York, announced that BORIS AMINOV was sentenced today to nine years in prison for engaging in a years-long scheme that exploited vulnerable HIV patients and defrauded Medicaid, Medicare, and private insurance companies out of at least $20 million. AMINOV previously pled guilty to one count of conspiracy to commit health care fraud before U.S. District Judge Mary Kay Vyskocil, who imposed today’s sentence. U.S. Attorney Damian Williams said: “Boris Aminov orchestrated a scheme to get rich by lying to Medicaid, Medicare, and private insurance companies and by depriving vulnerable HIV patients of legitimate and safe medications. He also made millions of dollars through buying and distributing black-market HIV medications to pharmacies all over New York City. Today’s sentencing brings a measure of closure with Aminov now facing the obligation to pay over 13 million in restitution.” According to the allegations contained in the Superseding Indictments and statements made in court proceedings: From at least in or about 2017 through at least in or about 2023, AMINOV and others engaged in a scheme that defrauded Medicaid, Medicare, and private insurance companies out of at least approximately $20 million through trafficking in black-market HIV medication. In doing so, they exploited at least hundreds of low-income individuals who had been prescribed HIV medication, jeopardizing the health and safety of those patients. AMINOV distributed black-market HIV medications to pharmacies that were owned and operated by other co-conspirators. That medication was then dispensed to unknowing patients who believed they were receiving legitimate medication. To further their scheme and conceal their proceeds, co-conspirators used bank accounts associated with their respective pharmacies to funnel money to shell companies controlled by AMINOV. * * * In addition to the prison term, AMINOV, 47, of Brooklyn, New York, was sentenced to three years of supervised release, ordered to pay restitution in the amount of $13,270,379.50, and ordered to pay forfeiture in the amount of $4,401,495.00. Mr. Williams praised the outstanding investigative work of the Federal Bureau of Investigation. This case is being handled by the Office’s General Crimes Unit. Assistant U.S. Attorneys Jeffrey W. Coyle and Jackie Delligatti are in charge of the prosecution. Contact Nicholas Biase, Lauren Scarff, Shelby Wratchford (212) 637-2600 Updated April 17, 2024 Topic Financial Fraud Component USAO - New York, Southern Press Release Number: 24-138
OCR text (3,512c · html-text · 99% conf)
Press Release Leader Of Black-Market HIV Medication Fraud Scheme Sentenced to Nine Years In Prison Wednesday, April 17, 2024 Share FacebookLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. XLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. LinkedInLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Email For Immediate Release U.S. Attorney's Office, Southern District of New York Boris Aminov Was Additionally Ordered to Pay More Than $13 Million in Restitution Damian Williams, the United States Attorney for the Southern District of New York, announced that BORIS AMINOV was sentenced today to nine years in prison for engaging in a years-long scheme that exploited vulnerable HIV patients and defrauded Medicaid, Medicare, and private insurance companies out of at least $20 million. AMINOV previously pled guilty to one count of conspiracy to commit health care fraud before U.S. District Judge Mary Kay Vyskocil, who imposed today’s sentence. U.S. Attorney Damian Williams said: “Boris Aminov orchestrated a scheme to get rich by lying to Medicaid, Medicare, and private insurance companies and by depriving vulnerable HIV patients of legitimate and safe medications. He also made millions of dollars through buying and distributing black-market HIV medications to pharmacies all over New York City. Today’s sentencing brings a measure of closure with Aminov now facing the obligation to pay over 13 million in restitution.” According to the allegations contained in the Superseding Indictments and statements made in court proceedings: From at least in or about 2017 through at least in or about 2023, AMINOV and others engaged in a scheme that defrauded Medicaid, Medicare, and private insurance companies out of at least approximately $20 million through trafficking in black-market HIV medication. In doing so, they exploited at least hundreds of low-income individuals who had been prescribed HIV medication, jeopardizing the health and safety of those patients. AMINOV distributed black-market HIV medications to pharmacies that were owned and operated by other co-conspirators. That medication was then dispensed to unknowing patients who believed they were receiving legitimate medication. To further their scheme and conceal their proceeds, co-conspirators used bank accounts associated with their respective pharmacies to funnel money to shell companies controlled by AMINOV. * * * In addition to the prison term, AMINOV, 47, of Brooklyn, New York, was sentenced to three years of supervised release, ordered to pay restitution in the amount of $13,270,379.50, and ordered to pay forfeiture in the amount of $4,401,495.00. Mr. Williams praised the outstanding investigative work of the Federal Bureau of Investigation. This case is being handled by the Office’s General Crimes Unit. Assistant U.S. Attorneys Jeffrey W. Coyle and Jackie Delligatti are in charge of the prosecution. Contact Nicholas Biase, Lauren Scarff, Shelby Wratchford (212) 637-2600 Updated April 17, 2024 Topic Financial Fraud Component USAO - New York, Southern Press Release Number: 24-138