|Charges||Health care fraud, money laundering|
|Date of Birth||September 10, 1957 (66 years old)|
On August 24, 2011, Khachatryan Yervand was indicted on charges of health care fraud and money laundering. Investigators believe that Yervand billed Medicare over $4.3 million for durable medical equipment that was either medically unnecessary or was never provided.
Yervand owned Midvalley Medical Supply (Midvalley), a durable medical equipment company located in Van Nuys, California. Investigators believe that Yervand and his co-conspirator, former Midvalley owner George Hakopian, submitted false and fraudulent claims for motorized wheelchairs and orthotics that were not medically necessary and often never provided to the beneficiaries. Yervand and Hakopian also submitted claims for beneficiaries who were deceased.
According to the indictment, from approximately April 2009 until October 2009, Midvalley billed Medicare approximately $4,392,312 and Medicare paid Midvalley approximately $847,178.
On October 14, 2011, Hakopian pleaded guilty to one count of health care fraud and was later sentenced to 2 years in prison and ordered to pay $913,215 in restitution.
Authorities believe that Yervand, also known as Arthur Yervand, fled the United States in October 2009. He remains a fugitive at-large.
- Health Care Fraud