West Bloomfield CEO sentenced in $150 million well being care fraud, opioid, cash laundering scheme

The proceeds from the fraud were used to fund private jet flights, tickets to the NBA court finals and the purchase of luxury cars, jewelry and real estate, the DOJ’s press release said.

Rashid has also been ordered to pay Medicare more than $ 51 million in restitution, as well as property attributable to the program’s proceeds, including commercial, residential, and Detroit Pistons, to expire on season card membership, according to the Press release.

Rashid pleaded guilty in 2018 to a conspiracy to commit healthcare fraud and cable fraud, as well as a money laundering count. 21 other defendants, including 12 doctors, have been convicted so far, including four doctors convicted after a month-long trial in 2020. Rashid is the second defendant to be convicted.