Saurabh patel biography examples

On Thursday, a New Jersey financial advisor was convicted of wire and healthcare fraud after prosecutors said he swindled state insurance plans out of $4 million by submitting false claims for patient medications, then pocketed proceeds from the transactions.

At least one of the counts carries a maximum 20-year jail sentence.

A jury in federal court found Kaival Patel, a former Stifel Nicolaus rep from West New York, N.J., guilty on 11 counts, including wire fraud, healthcare fraud and money laundering by transacting in criminal proceeds, according to the U.S.

Attorney’s Office for the District of New Jersey. The DOJ announced the conviction in a press release Friday.

Prosecutors said Patel operated a company that submitted false claims for specialty patient medication and kept the reimbursements.

The claims were submitted to healthcare plans for New Jersey local and state government employees. The plans included the State Health Benefits Program, the School Employees&