U.S. Department of Justice Uncovers $14.6 Billion Healthcare Fraud Case Involving $245 Million in Cryptocurrency
2025/07/03 01:11According to a report by Jinse Finance, the U.S. Department of Justice has announced the bust of the largest healthcare fraud case in history, indicting a total of 324 defendants and involving over $14.6 billion in fraudulent claims. The defendants include 96 medical professionals such as doctors, nurses, and pharmacists, spanning all 50 federal districts and 12 state attorneys general offices across the United States. The operation also seized more than $245 million in cash, cryptocurrency, luxury vehicles, and other assets. Meanwhile, the Centers for Medicare & Medicaid Services (CMS) prevented over $4 billion in fraudulent payments by suspending or revoking the billing privileges of 205 providers. Among the cases, the so-called "Gold Operation" accounted for $10.6 billion in fraudulent amounts and was linked to organized crime groups in Russia, Estonia, and Kazakhstan. Attorney General Pamela Bondi stated that there will be zero tolerance for criminal activities that exploit the healthcare system for profit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Global Bank Stocks Sink as Bond Losses Top $326 Billion: Is Another SVB Coming?
About 700,000 BTC have flowed out of exchanges in the past year.
Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
Crypto prices
More
