A 61-year-old New York pharmacy owner was sentenced to more than five years in federal prison for his role in laundering millions of dollars obtained through a scheme that defrauded Medicare and Medicaid.
Taesung Kim, also known as “Terry,” received a 63-month sentence in federal court in Brooklyn for conspiring to launder the proceeds of a $24.4 million pharmacy fraud scheme. Kim, a Harrison, New York, resident, pleaded guilty in December 2024 to one count of conspiracy to commit money laundering.
The court ordered Kim to pay $24.4 million in restitution and forfeit $6 million in fraud proceeds, including several bank accounts and properties…