Pump & Dump

Medicare paid the invoices. The patients did not exist.

Federal prosecutors say Ibrahim Khaldoon Hilmi ran a network of shell companies that billed Medicare for medical equipment never ordered and patients who never existed. He fled to Türkiye in May 2025. On June 19, 2026, two FBI agents walked him onto a plane.

Latest
Ponzi / Pyramid

The CEO who chased his losses with a clinic's checkbook

Patrick Bucknum ran a network that paid the bills for eleven Washington clinics. For six years, the federal complaint says, he ran the clinics' money through his own brokerage account instead.

Pump & Dump

Six hundred fifty thousand CPAP visits that never happened, billed to the people who served.

Federal prosecutors say a father and son in Lawton, Oklahoma billed the military's health program for more than 650,000 in-person breathing-machine visits that never happened. The indictment came down last week. The trucks and the cash were already gone.

Ponzi / Pyramid

The nurse who wrote the compliance book signed the prescriptions herself.

Jean Wilson, 54, built a career teaching healthcare compliance and then ran a telehealth operation that the Justice Department says billed Medicare for $136 million in braces and pills no one needed. On Tuesday she got ten years.

Ponzi / Pyramid

The lab in Los Angeles billed for tests that were never ordered by doctors who never knew

James Shuford Price III pleaded guilty in federal court on June 24 to running a Los Angeles lab that billed taxpayer-funded health programs for tens of millions in respiratory tests, many authorized by physicians who had never heard of the patients. The doctors did not know their names were on the paperwork. Neither did most of the patients.

The Daily Brief

The clinic billed Medicaid $1.7 billion. The ledger says the math never worked.

Ray Delgado · Jun 4

The nurse marked the box. The state says that box was worth one hundred million dollars.

Mark Tell · May 29

The fixer at the airport gate, and the $10 billion machine he fed

Mark Tell · May 19

The pharmacy counter was the crime scene. The receipt was the confession.

Mark Tell · May 1
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