Michigan man accused of cheating Medicare out of $132M lived lavishly

Posted at 6:31 PM, Jul 17, 2017
and last updated 2017-07-18 08:25:08-04

Reporters from our sister station WXYZ were at a Detroit building earlier this month, when federal agents hauled out evidence, part of a $132 million dollar Medicare fraud operation.

Now reporters from WXYZ have reviewed the indictment, which implicates seven people, including the man the feds say orchestrated the scheme, health care executive Mashiyat Rashid.

No one was at his listed address in West Bloomfield on Monday. And no one was at the Franklin construction site where he is building a multi-million dollar mansion, using what the feds say is stolen money.

Rashid, who likes to take pictures next to private jets while flaunting his apparent wealth, is alleged to have spent hundreds of thousands on everything from basketball tickets to that $7 million dollar home, which could soon land in the hands of the U.S. government.

The indictment also claims Rashid has cash hidden at secret locations, and that undercover agents once spotted him leaving a bank with a duffel bag full of $500,000 in cash.

Prosecutors allege he recruited homeless people to pose as patients and illegally injected and medicated drug addicts, all the while billing Medicare.

“There is a presumption of innocence and certainly I stand by that,” said Rashid's attorney Mohammed Nasser.

He says his client should be afforded bond.

The 37-year-old faces life in prison if convicted of the charges against him.

He goes to trial in August.