American Greed Season 1 Episode 5 Medical Scams

In the fifth episode of season 1 of the show American Greed, entitled "Medical Scams," viewers are taken into the world of fraud in the healthcare industry. The episode focuses on several different individuals and companies who have been involved in medical scams and the impact they have had on patients, healthcare providers, and the healthcare system as a whole.

The episode begins by introducing viewers to a man named Roy Brown, who was the founder of a company called Brown Medical Supplies. Brown was a former insurance salesman who had become involved in the medical supply industry in the 1990s. According to the episode, Brown was involved in a scheme to defraud Medicare by selling medical equipment to patients who did not need it and then billing Medicare for the full cost of the equipment.

The episode then transitions to a case involving a company called Provident Capital Management. Provident was a company that offered investments in life settlements, which are essentially life insurance policies that are sold to investors. According to the episode, Provident was involved in a scheme to defraud investors by misrepresenting the risks associated with these investments. The scheme resulted in losses of millions of dollars for investors.

The episode then goes on to highlight a case involving a doctor named Jacques Roy, who was the owner and operator of a Dallas-based healthcare company called Medistat. According to the episode, Roy was involved in a scheme to defraud Medicare by submitting false claims for services that were never provided. The scheme resulted in losses of millions of dollars for Medicare.

The episode also features a case involving a man named Michael Jackson (not the pop star). Jackson was the founder of a company called MIJ Group, which purported to offer healthcare consulting services to physicians. According to the episode, Jackson was involved in a scheme to defraud physicians by promising to help them increase their Medicare reimbursements, but instead submitting false claims on their behalf. The scheme resulted in losses of millions of dollars for Medicare, as well as for the physicians who were unknowingly implicated in the fraud.

Overall, the episode provides a fascinating look into the world of fraud in the healthcare industry. Through these case studies, viewers are able to see how these schemes are perpetrated and the devastating impact they can have on patients, healthcare providers, and the healthcare system as a whole. While the episode may be disturbing at times, it serves as an important reminder of the importance of staying vigilant when it comes to healthcare fraud and the need for greater oversight and regulation in the industry.