Trivikram Reddy, 43, a nurse practitioner from Waxahachie, Texas, who was convicted of wire fraud conspiracy in 2021, will now forfeit over $40 million held in foreign accounts, according to the U.S. Attorney’s Office for the Northern District of Texas.
The U.S. Attorney’s Office filed a civil forfeiture action, revealing that Reddy, along with others, moved the proceeds of fraud into nearly 200 bank accounts in India to conceal the origins of the funds. This forfeiture follows Reddy’s conviction and 20-year prison sentence for orchestrating a large-scale fraud scheme that targeted Medicare, Blue Cross Blue Shield of Texas, Aetna, UnitedHealthcare, Humana, and Cigna.
Reddy, along with his co-conspirators, falsely submitted claims using the provider numbers of six doctors who had never treated patients at his medical clinics. When the authorities initiated their investigation, Reddy and his staff fabricated medical records in an attempt to cover up their fraudulent activities.
After pleading guilty in October 2020 to conspiracy to commit wire fraud, Reddy was sentenced by U.S. District Judge Ada Brown in May 2021 to 20 years in prison and ordered to pay more than $50 million in restitution to victims of the fraud scheme.