12/21/2003
Light sentence for scamming cancer patients
A light sentence for Dr. Victor Souaid. He made $1.5 million overbilling cancer patients' insurance for doses of the drug Lupron he didn't give them. He has to pay back only $123,500 and serve a 51-month sentence.
Lupron sells for upward of $650 per one-month injection and is highly profitable for resale in the wholesale market. Souaid admitted to selling doses supplied by insurers or that he bought at deep discounts from 1998 to 2000.
Says he hopes for an opportunity to regain his medical license when he's out. And why wouldn't he? This racket is a gold mine.
Lupron sells for upward of $650 per one-month injection and is highly profitable for resale in the wholesale market. Souaid admitted to selling doses supplied by insurers or that he bought at deep discounts from 1998 to 2000.
Says he hopes for an opportunity to regain his medical license when he's out. And why wouldn't he? This racket is a gold mine.
