Durable Medical Equipment
Prospect Health Solutions IncInformation and Alerts
Alert Details
This business has 2 alerts.
Government Actions
USA vs Ahmed. Case number 1:25-cr-00026 MDNC
As of February 4, 2025
Man Pleads Guilty to Conspiracy to Launder Money in Connection with $100 Million Health Care Fraud Scheme
Greensboro, NC – Chaudhry Shabbir Ahmed pled guilty on Monday, February 3, 2025, to conspiring to launder over $3 million in connection with a $100 million dollar health care fraud scheme.
According to court documents, Ahmed conspired with another individual to represent himself as the owner of two durable medical equipment businesses—Dune Medical Supply, LLC located in High Point, North Carolina and Prospect Health Solutions, Inc. located in Fort Lauderdale, Florida. Ahmed and a co-conspirator used a sham purchase agreement to make it appear as though Ahmed owned and operated these companies, even though the co-conspirator continued to control the companies. Once Ahmed was listed on relevant documents as the sole owner of Dune and Prospect, including documents submitted to Medicare, Dune and Prospect collectively submitted more than $100 million in fraudulent claims to Medicare. The claims were submitted between April 2024 and August 2024 for durable medical equipment that Medicare beneficiaries never received, requested, or needed, or that the provider never ordered.
Before the scheme was discovered, Medicare electronically deposited more than $33 million in claim reimbursements into bank accounts held in the name of Dune and Prospect at various financial institutions. Ahmed had access to these accounts and would withdraw fraud proceeds in cash at bank branches. For example, on June 30, 2024, Ahmed withdrew $400,000 in cash from Prospect’s bank account and on August 9, 2024, Ahmed withdrew $500,000 in cash from Prospect’s bank account.
As part of the plea agreement, Ahmed agreed to forfeit over $17.6 million dollars that was seized during the investigation, as well as a Rolex watch and cryptocurrency.
Sentencing is scheduled to take place on June 24, 2025, at 9:30 a.m. in Greensboro, North Carolina, before Chief United States District Judge Catherine C. Eagles. At sentencing, Ahmed faces a maximum sentence of five years in prison, a period of supervised release of up to three years, and monetary penalties.
LINK: https://www.justice.gov/usao-mdnc/pr/man-pleads-guilty-conspiracy-launder-money-connection-100-million-health-care-fraud
Licensing
BBB confirmed that Prospect Health Solutions Inc had not obtained a necessary license from Florida Agency for Healthcare Administration.
BBB encourages you to contact the following agency or agencies to confirm this information: - http://www.fdhc.state.fl.us - 8504147300
Important Information
Additional Info
On
August 16, 2024, BBB completed an investigation into this business. The investigation determined:
BBB
could find no Florida Agency for Healthcare Administration HME license for the
company.
BBB
files contain complaints and reviews from consumers which allege the company
sent them unordered durable medical equipment such as knee and back
braces.
On
August 16, 2024, BBB sent correspondence to Prospect Health Solutions requesting
their response to these customer complaints and proof of licensing. We are
awaiting their response.
BBB
will continue to monitor and update the company's report as needed.
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