Florida Recovery Center Owner Pleads Guilty To $57 Million Laundering Scheme

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The owner of a Jacksonville substance abuse treatment center pleaded guilty Tuesday for his role in a $57 million money-laundering conspiracy associated with a billing scheme involving laboratory testing services.

Kyle Ryan Marcotte, 36, of Jacksonville Beach, pleaded guilty before U.S. Magistrate Judge Joel Toomey to a one-count information charging him with conspiracy to commit money laundering.

As part of his guilty plea, Marcotte agreed to a forfeiture judgment of $10,220,281.42.

Sentencing before U.S. District Judge Timothy Corrigan has not been scheduled. Under Title 18 of the U.S. Code, Marcotte could be fined up to $500,000 and sentenced to no more than 20 years in federal prison, or both.

Marcotte was a principal of Beaches Recovery Services LLC. About four years ago, he entered into an arrangement with a laboratory owner to send urine samples from the residential facility’s patients to the lab for drug testing in exchange for receiving 40% of the insurance reimbursements.

The lab owner, in turn, arranged with the managers of two rural hospitals, Campbellton–Graceville Hospital and Regional General Hospital Williston, to have the testing billed to private insurers and reimbursed at favorable rates under the hospitals’ in-network contracts with insurers.

Read the original article here: jaxdailyrecord.com

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