CareFirst files $50 million fraud suit against brothers over ‘breathtaking’ scheme
Luke Parker, Baltimore SunBaltimore Sun
CareFirst of Maryland is demanding more than $50 million from two brothers over what it described as an international healthcare conspiracy “of breathtaking scale and audacity.”
The Baltimore-based company accused ex-insurance broker Avraham Rappaport and his brother, financial adviser Eliezer Rappaport, of heading a scheme to have their clients fly from Israel to Maryland to receive specialized medical care under CareFirst’s domestic policies, according to a federal lawsuit filed Monday,
Hundreds of payouts were made over the course of several years, per the complaint.
“For the conspiracy to work — as it surely did — it required many individuals, entities, and organizations to work in concert at the direction of the Rappaports,” the lawsuit states.
As of Thursday, the Rappaport brothers are the only defendants named in CareFirst’s complaint. However, the suit also mentions 20 John Does, who they described as the brothers “as-yet unmasked co-conspirators.”
Neither of the Rappaports had attorneys listed as representing them yet on Thursday. Comment requests that morning were not immediately answered. Officials at CareFirst could not be immediately reached for comment on Thursday.
This article will be updated.
Have a news tip? Contact Luke Parker at [email protected], 410-725-6214, on X as @lparkernews, or on Signal as @parkerluke.34.
GBP/USD Forex Signal: Bearish Breakdown Suggests More Downside
Gold And Silver Rally Ahead Of U.S. Interest Rate Decision
Advisor News
- When new investment trends emerge, Gen Z is most likely generation to be first in
- Could ‘plain English’ become an advisor’s secret weapon?
- IRI urges Senate action on 403(b) parity legislation
- Three estate planning ideas to protect your clients and their wealth
- What advisors must know about accessible client documents
More Advisor NewsAnnuity News
- NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
- NAIC working group pressed to accelerate annuity illustration overhaul
- State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
- Wink: Annuity sales post strong Q2, led by MYGAs and structured products
- Legacy Marketing Group partners with Malibu Life USA for annuity launch
More Annuity NewsHealth/Employee Benefits News
Life Insurance News