Thursday, February 09, 2006

More Psychiatrists Caught Ripping off the System

Psychiatrists Joseph Sutera and Eric Ressner, both 51, were arrested on Monday and taken before a federal judge in Fort Pierce, Florida.

They are charged with almost $10 million worth of insurance fraud. Federal prosecutors who charged the pair claimed they operated out of a Palm Beach Gardens pharmacy.

Sutera laundered money from the fraudulent prescription claims and spent it on luxury goods, including four Palm Beach County residences, commercial property, a $16,000 Rolex watch, a $55,000 Steinway piano and more than $90,000 in electronics, prosecutors said.

Federal prosecutors claim that Sutera provided Ressner with "cash payments delivered in envelopes on a regular basis".

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