Chicago, IL-(ENEWSPF)- A Chicago area physician who surrendered his medical license was sentenced to five years in federal prison for stealing approximately $13 million from Medicare and more than 30 other public and private health care insurance programs over roughly five years, federal law enforcement officials announced today. Sushil Sheth, a cardiologist who had privileges at three unnamed area hospitals, lied thousands of times to Medicare and other insurers in order to receive millions of dollars he did not earn for patients he never treated. Sheth used the fraud proceeds to live a lavish lifestyle, purchasing a suburban mansion, property in Arizona, luxury automobiles, and investing in various venture capital opportunities.
