WEST LAFAYETTE, Ind. (WLFI) - The former owner of a West Lafayette pharmacy admits to defrauding Medicaid out of more than 3.5 million dollars, but he will avoid jail time. The old Family Pharmacare has been completely cleaned out with a for lease sign in the window. Back in November, federal agents raided the pharmacy, taking away a number of boxes as evidence. Shedron pleaded guilty to defrauding Medicaid out of more than 3.5 million dollars and income tax evasion to the tune of a half million dollars. If convicted, the charges could have meant up to 15 years in prison. Last week, a judge accepted the plea, whereby Shedron will avoid jail time. Shedron's punishment is three- fold. First., he will never be able open a pharmacy like this one that provided federal health benefits. Second, he has to pay back 3.5 million in fraudulent billing. As part of that, he had to sell more than a dozen pieces of jewelry and his extensive baseball card collection, worth more than $215,000 and includes cards like an $11,000 Mickey Mantle Card and other greats like Cy Young, Willie Mays and Jackie Robinson. See more here: Pharmacy owner admits to fraud … Continue reading
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