ILNews

Pharmacy owner pleads guilty to $3.5M in Medicaid fraud

Back to TopCommentsE-mailPrintBookmark and Share

A West Lafayette pharmacy owner was sentenced to four years and 9 months in federal prison for defrauding the state’s Medicaid program. He was also ordered to repay Medicaid and pay taxes owed.

Rossville resident Chad Shedron, 36, was sentenced by Chief Judge Philip Simon after pleading guilty to an information charging him with the felony offenses of executing a scheme to defraud the Indiana Medicaid health benefit program and evading federal income tax, according to a statement Thursday from the office of David Capp, U.S. attorney for the Northern District of Indiana.

The case is a result of an investigation that included an FBI-led raid in November of Shedron’s pharmacy, Family PharmaCare in the University Square Mall.
 
According to his plea, Shedron agreed to a money judgment in the amount of $3,521,961.22 – the amount of proceeds derived from the health care fraud.  He also agreed that the tax loss for 2007 was about $189,009, and further agreed that he is responsible for tax losses of $164,728 for 2008, $141,623 in 2009 and $32,310 in 2010, according to the statement.  

Shedron agreed to forfeit his home, $65,000 in cash, a brokerage account, jewelry and a baseball card collection with an estimated value of more than $200,000, according to Capp’s office.

Shedron will also serve one year of supervised release.

 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Indiana State Bar Association

Indianapolis Bar Association

Evansville Bar Association

Allen County Bar Association

Indiana Lawyer on Facebook

facebook
ADVERTISEMENT
Subscribe to Indiana Lawyer
ADVERTISEMENT