Even more details of the fraud case coming out. I wish we could get our hands on the full affidavit.
Man’s insurance fraud scheme led investigators to Celebration home where family was found slain, court records say
Man’s insurance fraud scheme led investigators to Celebration home where family was found slain, court records say
The joint investigation by the U.S. Department of Health and Human Services’ Office of Inspector General and the FBI found Todt raked in more than $130,000 from fraudulent bills he sent to insurers, including Medicaid, Cigna and Anthem Blue Cross Clue Shield, according to the affidavit.
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The fraudulent billings were recorded as early as 2015, through mid-2019.
The affidavit also found that, from January 2015 to June 2018, "Todt and Family Physical Therapy have taken loans or advances from over 20 commercial lenders to fund their business,” the warrant said.
The affidavit said Todt borrowed from commercial investors that provide short-term loans or advances to borrowers in need of immediate cash, against the accounts receivable of the borrower’s business. The lenders then obtain automated payments from the borrower’s bank.
In the month of August 2017 alone, Todt’s LLC transferred more than $99,000 in repayments to eight such companies, including Quick Fix Capital and On Deck Capital, agents found.
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Agents said they asked Todt to contact an attorney and then reach back out to them. The following day, Nov. 22, Todt said he was working on getting an attorney, and told agents he would return to Connecticut Dec. 8.
“When the agents did not hear back from Todt or an attorney in November, they contacted him again on Dec. 4," the affidavit said. "During this conversation, Todt again maintained that he was in the process of retaining an attorney and that he was scheduled to meet with the attorney the following week in Connecticut.”
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Employees at Family Physical Therapy told investigators later in December that their paychecks started to bounce and eventually they stopped being paid completely, the affidavit said. Federal agents did not hear from Todt the rest of the month so, on Jan. 7, they contacted one of his relatives.
“This relative stated that she too was having a hard time maintaining contact with Todt and that she was worried about him because he was not communicating with her or his family as he usually would," the affidavit said.
She had become so concerned that she contacted the Osceola Sheriff’s Office Dec. 29 for a welfare check. Deputies “reported that they could not locate Todt and that the house he was thought to be living in was boarded up," the affidavit said.
Family members also told federal agents they were “all very concerned about Todt’s state of mind.”