Gloucester County man charged with running $4M insurance fraud scheme

GLOUCESTER COUNTY, N.J. (KYW Newsradio) — Federal authorities have charged a Gloucester County man with allegedly running a $4 million insurance fraud scheme.

The scheme was said to be concocted around the use of compound medications, which are specialty treatments such as vitamins or ointments mixed by a pharmacist to meet the needs of an individual patient.

Acting U.S. Attorney for New Jersey Rachel Honig said 48-year-old Christopher Gualtieri of Franklinville and others discovered some of these compound medications could be reimbursed by their employer health insurance plan for thousands of dollars a month. She said he recruited co-workers to file false claims worth $4 million.

According to the indictment, Gualtieri received payments from the pharmacies that filled the fraudulent prescriptions. He is accused of giving some of that money to the others who filed claims for themselves and insured family members as part of the scheme.

Gualtieri is also accused of filing fraudulent oxycodone prescriptions for himself and a family member.

If convicted, he could face more than 20 years in prison and hundreds of thousands of dollars in fines for conspiracy to commit insurance fraud, mail fraud and making false statements to federal agents.

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