The owner of a Kittery, Maine, medical equipment supply company has been sentenced to 2 1/2 years in prison for health care fraud and for lying on an application for a loan from the U.S. Small Business Administration.
Peter Enzinger was also sentenced to three years of probation and ordered to pay nearly $200,000 in restitution.
A federal judge also fined Enzinger’s now defunct company, Seacoast Sleep Solutions, $50,000 and ordered the company to pay $220,000 in restitution.
Prosecutors say the 44-year-old Enzinger defrauded insurance carriers between 2005 and 2010 by billing them for products not delivered to patients and for more expensive products than those actually delivered.
The Bangor Daily News reports that his lawyer said inexperience as a businessman led to cash flow problems, which prompted the fraud.
Was this article valuable?
Here are more articles you may enjoy.
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
AM Best: Social Inflation Drives Surge in Commercial Auto Liability Claims
How One Hacker Used AI Agents, a Few Thousand Dollars to Break Into Websites 

