Philip Esformes acquired a $1.6 million Ferrari and a $360,000 Swiss watch and traveled around the United States on a private jet, a spending spree fueled by the spoils from what federal prosecutors called one of the largest Medicare fraud cases in history.
“Philip Esformes is a man driven by almost unbounded greed,” Denise M. Stemen, an agent in the FBI’s Miami field office, said last year after Esformes, 52, a nursing home operator, was sentenced to 20 years in prison for the two-decade scheme that involved an estimated $1.3 billion worth of fraudulent claims.
That prison term ended suddenly this week, when President Donald Trump commuted what remained of Esformes’ sentence.
“Philip Esformes is a man driven by almost unbounded greed,” Denise M. Stemen, an agent in the FBI’s Miami field office, said last year after Esformes, 52, a nursing home operator, was sentenced to 20 years in prison for the two-decade scheme that involved an estimated $1.3 billion worth of fraudulent claims.
That prison term ended suddenly this week, when President Donald Trump commuted what remained of Esformes’ sentence.