26 Doctors, Pharmacists and Business Owners Charged in $40 Million Kickback Scheme
Insurance Commissioner
"The Kings and their co-conspirators played with patients' lives, buying and selling them for profit without regard to patient safety," said Commissioner
"
From 2011 to 2015, the defendants are charged for their part in the fraudulent scheme of billing for unnecessary creams, tests and treatments to maximize profits. More than 13,000 patients and at least 27 insurance carriers were victims in the scheme. The
Circumstances of the Case
The Kings are accused of making oral and written agreements with doctors across the state paying them each time they prescribed a compound cream or oral medication or ordered a urine drug test. The doctors or the companies connected to them are accused of labeling the payments "marketing expenses" in an attempt to conceal the kickbacks. The Kings are accused of rewarding doctors who provided higher volume by paying for office technicians.
Snake Oil Scam
The Kings are accused of working with pharmacist and co-defendant
Medication Kickback Scam
The Kings are accused of purchasing repackaged oral pain medications from two companies:
Bogus Urine Test Scam
The Kings are accused of providing technical staff to participating physician's offices through their company
Defendants:
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr. William Pistel, 53,
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.


Texas Republic Capital Corp. Files SEC Form DEF 14A, Other Definitive Proxy Statements (Apr. 11, 2017)
Global Marine Insurance Market 2017-2021: Key Players are Allianz, American International, Aon, AXA & Marsh – Research and Markets
Advisor News
- Main Street families need trusted financial guidance to navigate the new Trump Accounts
- Are the holidays a good time to have a long-term care conversation?
- Gen X unsure whether they can catch up with retirement saving
- Bill that could expand access to annuities headed to the House
- Private equity, crypto and the risks retirees canāt ignore
More Advisor NewsAnnuity News
- Hildene Capital Management Announces Purchase Agreement to Acquire Annuity Provider SILAC
- Removing barriers to annuity adoption in 2026
- An Application for the Trademark āEMPOWER INVESTMENTSā Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Bill that could expand access to annuities headed to the House
- LTC annuities and minimizing opportunity cost
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Judge tosses Penn Mutual whole life lawsuit; plaintiffs to refile
- On the Move: Dec. 4, 2025
- Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
- Seritage Growth Properties Makes $20 Million Loan Prepayment
- AM Best Revises Outlooks to Negative for Kansas City Life Insurance Company; Downgrades Credit Ratings of Grange Life Insurance Company; Revises Issuer Credit Rating Outlook to Negative for Old American Insurance Company
More Life Insurance News