Navigation Links
Former Corporate Benefits Manager Sentenced to 57 Months in Prison for Defrauding Health Care Plan of More Than $6 Million Dollars
Date:9/22/2009

NEW YORK, Sept. 22 /PRNewswire-USNewswire/ -- Preet Bharara, the U.S. Attorney for the Southern District of New York, announced that Dennis M. Dowd, formerly the senior manager of human resources of Hitachi America Ltd. (Hitachi America), was sentenced today in Manhattan federal court to 57 months in prison for defrauding the Hitachi America Group Health and Welfare Plan (the Plan) of more than $6 million. The sentence was imposed by U.S. District Judge Colleen McMahon. Dowd pleaded guilty on March 11, 2009, to one count of health care fraud and one count of money laundering.

According to the complaint, the information and other court documents filed in this case, as well as statements made in court in connection with Dowd's plea and sentencing:

Hitachi America is a subsidiary of Hitachi Ltd., a Japanese corporation, and manufactures and markets electronic equipment, computer systems and consumer electronics, among other products, as well as providing industrial equipment and services throughout North America. Hitachi America maintained the Plan to provide health benefits to eligible employees of Hitachi America and certain of its corporate affiliates.

Dowd, 53, of Yorktown Heights, N.Y., was hired by Hitachi America in 1979 and was a senior manager of corporate benefits for Hitachi America until March 2008. He was responsible for managing various aspects of Hitachi America's employee benefits programs, including the Plan. In January 1997, Dowd opened a bank account in the name "Hitachi Group Insurance Health and Welfare Trust," without Hitachi America's authorization. Between 2000 and early 2008, Dowd deposited almost $8 million into that account in checks from, among other entities, insurance companies and health care providers. These checks were made payable to the Plan or to Hitachi America or a corporate affiliate.

Dowd used the account to pay for personal and family expenses, including, among other things: at least $1 million in payments to credit cards held in Dowd's name that were used to purchase, among other things, consumer goods; at least $2 million in checks made payable to Dowd; approximately $42,000 for a Lexus automobile registered to Dowd; and approximately $625,000 to purchase a house in Vero Beach, Fla. Between 2000 and 2008, Dowd remitted a total of only approximately $1.5 million back to Hitachi America.

In addition to the prison term, Judge McMahon sentenced Dowd to three years of supervised release, and ordered Dowd to pay restitution to Hitachi America in the amount of $7,497,906.

Mr. Bharara praised the work of the U.S. Department of Labor Office of Inspector General, New York Office of the U.S. Department of Labor Employee Benefits Security Administration, and the Internal Revenue Service's Criminal Investigation Division.

This case is being prosecuted by the Office's Major Crimes Unit. Assistant U.S. Attorneys Joseph P. Facciponti and Anna E. Arreola are in charge of the prosecution.


'/>"/>
SOURCE U.S. Department of Justice
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Former NFL Quarterback to Speak at Local Nonprofit Fundraising Event
2. Public Option Still Viable As House Set to Pass It -- Not Fading, Says Robert Weiner, Former House Aging Committee Director
3. ALSAC/St. Jude Mourns the Loss of Former CEO Richard C. Shadyac Sr.
4. San Francisco Home Care Workers Demand that Former Union Officials Come Clean
5. Former Make A Wish Kid Donates September Earnings to the Global Foundation
6. Former Corporate Whistleblower Says The Informant Movie is Only Part of the Story
7. Wed., Sept. 16, 11 AM News Conference: Sioux Falls Keystone Treatment Center Is National HQ to Lead 100 Locations Nationwide in Balloon Liftoff Celebrating Recovery Against New Wave of Drug Abuse; Former U.S. Drug Czar/4-Star Gen. Barry McCaffrey, Lieute
8. Former AVMA President to Head National Health Commission
9. VA Honors Veterans Who Are Artists, Performers
10. Cynthia Cooper, Time Magazines Person of the Year and former WorldCom Auditor to Address the 8th Annual Compliance and Ethics Institute, September 13-16, 2009, Planet Hollywood, Las Vegas, NV
11. Former Veterans Affairs Secretary Joins Integrated Medical Systems Advisory Board
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/22/2017)... ... September 22, 2017 , ... Global ... diseases through research, education and awareness, today announced the appointment of Timothy J. ... microbiologist, Dr. Sellati has more than 20 years of research experience with Lyme ...
(Date:9/21/2017)... ... September 21, 2017 , ... SABRE is raising awareness about personal ... to the end of November. , The Chicago, Illinois, based self-defense brand has been ... them about the ease of taking their personal safety into their own hands. , ...
(Date:9/21/2017)... Virginia (PRWEB) , ... September 21, 2017 , ... ... health in their communities, nine governmental public health departments have been awarded five-year ... accreditation decisions mean that the benefits of being served by a PHAB-accredited ...
(Date:9/21/2017)... ... September 21, 2017 , ... The New England Center for Children® ... the election of Yie-Hsin Hung to the Board of Directors. , “The New ... Directors. Ms. Hung is an invaluable addition to our team,” said Vincent Strully, Jr., ...
(Date:9/21/2017)... ... ... FlipBelt, the fitness brand that specializes in problem solving fitness accessories, has ... the launch of their FlipBelt Crops. , The new fitness bottoms feature an integrated ... at the gym, on the trail, or on-the-go. , “We always thought the FlipBelt ...
Breaking Medicine News(10 mins):
(Date:9/9/2017)... Sept. 8, 2017 Dealmed Medical Supplies, ... of medical equipment, supplies, drugs, vaccines, and specialty medical ... into an agreement to acquire Vantage Medical Supplies, a ... Holtsville, New York . ... new and emerging medical practices, will operate under the ...
(Date:9/7/2017)... Sept. 7, 2017  Eli Lilly and Company ... to streamline operations to more efficiently focus resources ... cost structure. Global workforce reductions, including those from ... to impact approximately 3,500 positions. ... annualized savings of approximately $500 million that will ...
(Date:9/7/2017)... , Sept. 7, 2017 Caris ... focused on fulfilling the promise of precision medicine, ... validate the benefits of its molecular profiling approach ... utilized comprehensive genomic profiling plus (CGP+) with Caris ... patient,s tumor on a molecular level, leading to ...
Breaking Medicine Technology: