A Lakewood man, who was the CEO of Madison Financial Services and a licensed insurance provider, admitted in court Monday that he filed false statements by filing $ 1.5 million in fraudulent claims with Blue Cross Blue Shield, a announced interim US lawyer Rachael A. Honig.
As a result of his actions, Jonas Knopf, 65, was charged with one count of misrepresentation related to a health care program.
Attorney Honig said that, through Madison Financial Services, Knopf was accused of setting up two bogus companies and then giving insurance coverage to people who were not his employees.
His two bogus companies were actually located in Pennsylvania and Knopf made it seem like people were working there to get BCBS health coverage for various residents, mostly in Lakewood using fake names, addresses, dates of birth. , marital status and employment functions.
Knopf’s scheme was put to bed in 2013, when the Pennsylvania Department of Insurance asked him to relinquish his PA insurance producer license and cease trading in their state.
Lawyer Honig said his scheme caused health care insurers to pay $ 1.5 million in fraudulent claims.
Knopf now faces a maximum sentence of five years in prison and a maximum fine of $ 250,000, either double the gross gain or double the gross loss from the offense, whichever is greater.
He is expected to be sentenced on August 19, 2021.
The government is represented by Senior Litigation Counsel V. Grady O’Malley and US Deputy Lawyer Tracey Agnew of the Organized Crime / Gang Unit of the US Attorney’s Office in Newark.
Defense Counsel: Michael Gilbert Esq., New York.
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