You are reading

Forest Hills Pharmacist Pleads Guilty to Swindling Millions From Pharmaceutical Manufacturer

(Photo by Gabrielle Rocha Rios on Unsplash)

Aug. 13, 2020 By Allie Griffin

A Queens pharmacist pleaded guilty in federal court Wednesday to fraud for swindling millions of dollars from a pharmaceutical manufacturer.

Arkadiy “Alex” Khaimov, who lives in Forest Hills, defrauded the manufacturer out of about $6.9 million by submitting false claims under its co-pay reimbursement program between February 2017 and July 2018, according to the indictment.

The unnamed manufacturer created the co-pay program to reimburse pharmacies for dispensing a prescription medication. Khaimov, 37, and his co-conspirators submitted the false claims to the program for medications that his pharmacies never actually dispensed.

In some cases, he fraudulently used the credentials of a Long Island physician to submit the claims.

Khaimov agreed to forfeit about $489,000, representing proceeds he earned from the scheme. He faces up to 20 years in prison.

““With today’s guilty plea, Khaimov is held accountable for bilking a program designed to reduce the cost of prescription medicines so that he could line his own pockets with millions of dollars,” Acting United States Attorney Seth DuCharme said.

email the author: [email protected]
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

MTA providing shuttle from 7 train to traveling Vietnam War Memorial replica in Flushing Meadows Corona Park

Sep. 26, 2023 By Bill Parry

The MTA is working with the NYC Department of Veterans’ Affairs to provide shuttle bus service between the Mets-Willets Point 7 train station and Flushing Meadows Corona Park for all those wishing to visit the “The Wall that Heals,” a three-quarter scale replica of the Vietnam Veterans Memorial in Washington, D.C., that honors the more than three million Americans who served in the Armed Forces during the Vietnam conflict.