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Louisiana couple pleads guilty in $48 million medical reimbursement scheme

2 years 3 months 5 days ago Friday, June 21 2019 Jun 21, 2019 June 21, 2019 3:49 PM June 21, 2019 in News
Source: Associated Press
NEW ORLEANS (AP) - Federal prosecutors say a Louisiana couple has pleaded guilty in a scheme that defrauded the Internal Revenue Service and participants in a medical reimbursement program out of more than $48 million.
The U.S. Justice Department, New Orleans-based U.S. Attorney Peter Strasser and other officials outlined the case in a Friday news release. It says 53-year-old Denis Joachim pleaded guilty to conspiracy to commit money laundering; and 52-year-old Donna Joachim pleaded guilty to conspiracy to defraud the United States.
The Covington couple's corporation, The Total Financial Group Inc., pleaded guilty to conspiracy and false statement counts.
Prosecutors said the defendants marketed to employers a phony supplemental benefits plan to reimburse employees for medical expenses such as insurance deductibles. But prosecutors said the couple used the fees paid for personal expenses.

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