Roland "George" Aghajanyan, 28, and Roman "Mike" Aghajanyan, 27,pled not guilty to wire fraud charges in a 30-count indictment on November 15. Thetwo are charged with submitting bills for transporting injuredPostal Service employees to non-existent medical appointments.

Investigators said the brothers operated two Los Angeles,Calif.-based transportation companies, A&R MedicalTransportation and V&Y Management Inc., and advertisedthemselves as Prestige Transportation. The indictment alleges thatthey not only lied about the medical appointments, but they also"grossly inflated" the amount of their claims to the Department ofLabor's Office of Workers' Compensation and private insurers. Thevehicles they used to transport patients must have been royalcarriages, as the total losses are at least $300,000.

The Aghajanyans were arrested Oct. 20, but remain free afterposting $75,000 bond each. Their trial is scheduled for December2010. Each count of wire fraud carries a maximum sentence of 20years in federal prison, so with a total of 30 counts against them,they could be behind bars for ever after.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.