Bangladeshi Immigrant Cheated $132M Out of Medicare, Bought Mansion, Courtside NBA Tickets

A Bangladeshi immigrant healthcare executive named Mashiyat Rashid cheated Medicare out of $132 million and spent the money on a mansion, courtside NBA tickets, and secret storage units filled with cash.

Federal court records as well as prosecutors gave information on the inner workings and the financial gains made during a healthcare fraud conspiracy that was all orchestrated by a 37-year-old Bangladeshi immigrant businessman.

Prosecutors say Mashiyat Rashid, right, spent hundreds of thousands to travel by jet, to buy NBA tickets and to build a $6.8 million house.
(Photo: Facebook)

The conspiracy was based around bringing in homeless people as patients, sending bogus bills to Medicare, getting drug addicts to subject themselves to unnecessary back injections, and prescribing potent pain medication that would inevitably end up being sold on the streets.

Detroit News reports:

Detroit — A health care executive cheated Medicare out of $132 million and blew the money on a $7 million Franklin mansion and courtside NBA tickets, and stuffed secret storage units with cash, prosecutors allege.

The conspiracy generated so much money that Rashid withdrew $500,000 from a bank this month and stuffed the cash in a duffel bag, the government said. A surveillance team of federal agents watched him enter and leave the bank.

“This was a crime of deceit. His fraud was brazen,” Justice Department trial attorney Jacob Foster said Wednesday during Rashid’s bond hearing. “This was about the thousands and thousands of beneficiaries who were taken advantage of in order for (Rashid) to line his pockets.”

Read more here.

Or as Ann Coulter would say, “Immigrant of the week.”

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