The CEO of Video Doctor Network has plead guilty to one of the largest healthcare fraud schemes in American history.
"Lester Stockett, 52, a resident of Colombia, agreed to pay $200 million in restitution to the U.S. as part of his plea agreement.
The Justice Department in April brought charges against 24 defendants including Stockett for their role in a $424 million conspiracy to defraud Medicare and receive illegal kickbacks. Stockett's company allegedly received kickbacks from brace suppliers in exchange for arranging for physicians to order medically unnecessary medical equipment, such as back, knee and shoulder braces."
This is another example of greedy interests taking advantage of a healthcare system that cannot keep up. It is unfortunate that such a wonderful medical advancement like telemedicine can be abused for profits.