Carmel Resident Charged with Using Indianapolis Business to Defraud Medicaid of $1 Million.
The indictment alleges that Hamilton is the controlling owner of Indianapolis-based Compression Etc., a company that sells custom made compression stockings. Beginning in September 2010, it is alleged that Hamilton used another company, Hamilton Medical Incorporated, to generate false invoices that represented that the compression stockings cost almost three times what Hamilton’s companies actually paid for the stockings.
These invoices were then sent to the Indiana Medicaid program to justify a claim for reimbursement that was much higher than that allowed by law. As a result of the scheme, Hamilton is alleged to have defrauded over $1,000,000 from the Indiana Medicaid program. The indictment further alleges five specific dates where Hamilton provided the false invoices to the Indiana Medicaid program.
The indictment also alleges that Hamilton used the money received from the fraud to pay a $38,992.92 American Express bill and write a $17,163.53 check to an Infiniti dealership in Tennessee.
FBI press release link: here