Paramjit Singh Ajrawat, a physician and owner and operator of Washington Pain Management Center in Greenbelt, Md., was sentenced to a nine-year prison term and ordered to pay $3 million in restitution for defrauding Medicare, Medicaid and other federal health benefit programs. Ajrawat submitted fraudulent claims for unprovided medical procedures from January 2011 to May 2014, trial evidence showed.
Paramjit Ajrawat, a physician practicing in Potomac, Md., was sentenced Monday to a nine-year prison term for operating a scheme to defraud $3 million from Medicare, Medicaid, Tricare and other federal programs. Ajrawat, owner and operator of Greenbelt, Md.-based Washington Pain Management Center, conspired with his wife, also a physician, to falsely bill federal insurers for unprovided medical procedures, according to prosecutors. Ajrawat was also ordered to pay $3 million in forfeiture and restitution.
The California Institute for Regenerative Medicine has awarded California State University Channel Islands a $3 million grant for graduate students to participate in stem cell research at prestigious institutions. The grant will create 10 paid internships at such places as Cedars-Sinai Medical Center, City of Hope and Stanford University.
An online security startup called Authy has raised $3 million for technology that could potentially help to prevent the kinds of security breaches that led to the theft and publication of celebrity photos. When users try to log in to their accounts, they are asked to enter a code that is delivered to their mobile devices in addition to inputting a user name and password.
Developers Diversified Realty plans to shift its business model to strategic investments, as opposed to the big portfolio acquisitions it has made in the past. According to CEO Daniel Hurwitz, those huge portfolio deals burdened DDR with more than $7 billion of debt in 2008 alone.