Federal law enforcement officials report they arrested Zhan Petrosyants, charging him with operating an extensive no-fault automobile insurance fraud scheme that involved submitting tens of millions of dollars in fraudulent medical claims and laundering the proceeds.
Petrosyants, 44, also known as “Johnny,” of Edgewater, New Jersey, is charged with conspiracy to commit healthcare fraud, conspiracy to commit wire fraud, aggravated identity theft, and conspiracy to commit money laundering.
The scheme was allegedly carried out between 2018 and 2023, causing insurance providers to be billed tens of millions of dollars in fraudulent no-fault medical claims…