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Forest Hills Pharmacist Pleads Guilty to Swindling Millions From Pharmaceutical Manufacturer

(Photo by Gabrielle Rocha Rios on Unsplash)

Aug. 13, 2020 By Allie Griffin

A Queens pharmacist pleaded guilty in federal court Wednesday to fraud for swindling millions of dollars from a pharmaceutical manufacturer.

Arkadiy “Alex” Khaimov, who lives in Forest Hills, defrauded the manufacturer out of about $6.9 million by submitting false claims under its co-pay reimbursement program between February 2017 and July 2018, according to the indictment.

The unnamed manufacturer created the co-pay program to reimburse pharmacies for dispensing a prescription medication. Khaimov, 37, and his co-conspirators submitted the false claims to the program for medications that his pharmacies never actually dispensed.

In some cases, he fraudulently used the credentials of a Long Island physician to submit the claims.

Khaimov agreed to forfeit about $489,000, representing proceeds he earned from the scheme. He faces up to 20 years in prison.

““With today’s guilty plea, Khaimov is held accountable for bilking a program designed to reduce the cost of prescription medicines so that he could line his own pockets with millions of dollars,” Acting United States Attorney Seth DuCharme said.

email the author: news@queenspost.com

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