Houston pharma CEO now under house arrest after being charged in $134M Medicare scheme

[TexasTowelie]

Last edited Mon Mar 15, 2021, 04:12 PM - Edit history (1)

To his Afton Oaks neighbors, Mohamed Mokbel was notorious for hosting extravagant parties and having a Bentley and a Ferrari adorn his driveway.

Now, the 4M Pharmaceuticals CEO is sitting under house arrest inside his lavish $2 million mansion after being charged in a $134 million Medicare scheme.

On Thursday, U.S. Magistrate Judge Andrew Edison approved bond for Mokbel but under specific restrictions. According to his attorney Charles Flood, Mokbel had to provide $250,000 for a secured bond in addition to wearing an ankle monitor.

Federal prosecutors argued Thursday that Mokbel might be a potential flight risk. Attorneys portrayed Mokbel as being a criminal mastermind since the 1990s, according to ABC's 13 Miya Shay. When Mokbel's mansion was raided, agents discovered $100,000 worth of casino chips, $32,000 in gift cards, numerous bank accounts, and details of ownership for a 12-story building in Egypt.

Read more: https://www.mysanantonio.com/news/houston-texas/article/Houston-CEO-under-house-arrest-medicare-scheme-16021844.php

[kimbutgar]

1. He should be sitting in a jail cell not a friggin mansion!

[Fullduplexxx]

2. Lol I know it's 134 mil but is says dollars. ....

A

[TexasTowelie]

3. I'll edit the headline to the OP. Thanks for pointing it out. nt

[Fullduplexxx]

4. I think every knows that but it just sounded funny ...nt

[TxGuitar]

5. everybody knows it's only the poors

that cheat Medicare/caid. Just ask what's his name from Florida.

[XanaDUer2]

6. disgusting nt