Louisiana couple pleads guilty in $48 million medical reimbursement scheme
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.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Multiple agencies searching for missing BR toddler, believed to be in 'imminent...
State extends DSNAP application hours Friday & Saturday
Committee questions state over handling of nursing home evacuations
Police helicopter searching apartment complex for missing child
Shipping delays felt nationwide, FedEx reports startling numbers