Everyone knows that it's hard to start your own business and make money as an entrepreneur early on in your career. So, you can understand how there may be some suspicions when one 21-year-old in South Florida had $1,651,699 in her bank account within one month of starting her business. Unfortunately, this new entrepreneur will likely have to look for a new job in prison.
In a story we hear of all too often in South Florida, a Miami-area man was recently sentenced to 20 years in prison (240 months) for his role in a large Medicare fraud scheme. In addition, he is also required to pay $66.4 million in restitution for the fraud he committed against the Medicare system.
One Miami man won't be living in the luxurious homes he has been used to thanks to his part in a $20 million mortgage fraud that spanned from South Beach to Ft. Lauderdale. Now, he'll spend 15 years in prison and have five years of supervised release following his prison time. That comes out to roughly one year of federal corrections supervision for each million dollars of fraud.