A 47-foot yacht named “The Rogue Shark” and more than $1 million in cash now belong to the federal government after a Tarpon Springs man admitted to running a massive $42 million health care and pandemic loan scam.
Chad Monroe, 48, stood in federal court today and pleaded guilty to conspiracy to commit health care fraud and wire fraud. Prosecutors laid out how Monroe built a network of shell companies to bill Medicare, Medicare Advantage plans, and TRICARE for millions of dollars in medical braces and cancer genetic tests that patients never asked for and didn’t need.
The operation relied on three medical supply companies Monroe helped launch: Maksix Medical Products Inc., Orthotech Atlanta LLC, and 1st Choice Medical Supply LLC. Knowing his name on the paperwork would raise red flags, Monroe ordered his partners to lie on Medicare enrollment forms to disguise his ownership…