Oscar Sanchez, a Cuban American and Florida resident who laundered millions of dollars in Medicare fraud proceeds that were transferred to banks in Cuba controlled by the Castro dictatorship was sentenced to four years in prison for his role in the scam. The Castro dictatorship has long been suspected of devising and carrying out Medicare fraud schemes in the U.S., which have netted the criminal regime in Havana millions of dollars deposited into their banks.
Florida man behind Medicare money-laundering transfers to Cuba sentenced to 4 years
Last summer, Miami prosecutors made a splash when they charged Oscar L. Sanchez, owner of a Naples check-cashing store, with laundering millions of Medicare dollars that wound up in Cuba.
His case marked the first time that authorities traced fleeced U.S. healthcare proceeds to Cuba’s state-controlled bank.
On Thursday, without fanfare, the now-convicted “financier for fraudsters’’ was sentenced to 4½ years in prison by a Miami federal judge.
Sanchez, 47, was also ordered to serve an additional year of home confinement, turn over about a half-million dollars in assets to the U.S. government and perform 1,600 hours of community service. He must surrender on June 15 to start his prison term.
Through Sanchez’s cooperation, prosecutors discovered that an offshore remittance company called Caribbean Transfers financed the complex money-laundering ring that moved more than $30 million in stolen Medicare money from South Florida into Cuba’s banking system.
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