Former Fast Lab COO Pleads Guilty to $500M Healthcare Fraud Scheme
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Hasan Seyhun, the former chief operating officer of Fast Lab Technologies LLC, pleaded guilty to conspiracy to commit health care fraud regarding a nationwide scheme that generated over $500 million in fraudulent claims against government-backed health care programs. The scheme centered on COVID-19 testing services that Fast Lab offered to customers at no cost during the pandemic. Seyhun admitted that he helped orchestrate the submission of millions of dollars in fraudulent claims asserting that services were rendered when they were not.
Why it matters
The fraudulent claims falsely asserted that medical professionals observed antigen tests, personnel collected saliva samples, and PCR tests were performed. The scheme resulted in at least $35 million in illicit payments, and Seyhun agreed to a $4.31 million forfeiture money judgment.