Business Owner Sentenced to More Than Five Years in Prison for Fraud and Money Laundering Schemes

PHILADELPHIA – United States Attorney David Metcalf announced that Zaven Yeghiazaryan, 45, of Newtown, Pennsylvania, was sentenced today to 64 months in prison, three years of supervised release, $118,205.94 in restitution, and $151,300 in fines and assessments by United States District Judge Gerald J. Pappert for fraud and money laundering schemes. In August 2024, Yeghiazaryan was charged by indictment with conspiracy, health care fraud, wire fraud, and money laundering. He pleaded guilty in May of this year. As detailed in court filings, the charges arose from the defendant’s commission of fraud offenses targeting, among others, government programs, including through the use of shell companies and false identities, between January 2020 and April 2024.

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