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Miami New Times |
| http://www.miaminewtimes.com/Issues/1995-06-01/news/feature_4.html |
Carnival of Fraud Step right up and be astounded by Miami's bizarre side show of Medicare and Medicaid scammers! After all, you're paying for it! By Steven Almond Article Published Jun 1, 1995 © Miami New Times |
| Just as Miami exports fraud, the city has an uncanny knack for attracting scoundrels. A
financial prodigy with a degree from the Harvard Business School,
Akiyoshi Yamada pleaded guilty to assorted stock frauds in New York and New Jersey. One 1987 arrest left him facing five years behind bars. Instead, Yamada made a deal to help federal authorities with other cases, and then lit out for -- where else? -- Miami, where, according to the FBI, he set up -- what else? -- a Medicare mill. Yamada is currently the target of a federal grand jury investigation centered on a complex of clinics and medical laboratories on West Flagler Street. The FBI suspects Yamada and his associates charged Medicare at least $20 million for medical treatment and equipment that was either unnecessary or undelivered. |