- June 18, 2021
- Posted by: Stratford Team
- Category: Business
CAMDEN, N.J. – A Texas man today admitted defrauding victims of more than $5 million in connection with the sale of medical-related business opportunities, Acting U.S. Attorney Rachael A. Honig announced.
David Weinstein, 62, formerly of Cherry Hill, New Jersey, and now of Dallas, Texas, pleaded guilty before U.S. District Judge Robert B. Kugler to an information charging him with one count of conspiracy to commit wire fraud and one count of money laundering.
According to documents filed in this case and statements made in court:
From December 2015 through November 2020, Weinstein and his conspirators, Vijay Reddy and Kevin Brown, advertised business opportunities for sale on various websites. They purported to sell “blocks” of contracts with medical providers who allegedly wanted to outsource their medical billing, collections, appeals, answering, credentialing, or transcription functions. The buyers would then provide the contracted…
