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Man facing massive restitution payment for $30M scheme targeting Medicare patients

Man facing massive restitution payment for $30M scheme targeting Medicare patients

Yahoo24-05-2025

A businessman who perpetrated a nearly $30 million health care fraud could be forced to pay back more than $15 million in restitution after agreeing to plead guilty to federal charges this week.
Raju Sharma, 61, of Sharon, owned a medical device company that targeted Medicare beneficiaries by billing the federal health care program for devices the patients often did not need, according to federal prosecutors.
The company billed Medicare more than $29 million for fraudulent medical device orders between 2021 and 2025, roughly $15.8 million of which was paid out.
With the 'substantial profits' he earned from the scheme, Sharma purchased two Ferraris, a Mercedes-Benz, at least three Rolex watches and other high-end goods, prosecutors said.
Sharma agreed to forfeit the luxury items and over $250,000 in cash federal investigators seized from his bank accounts, according to the U.S. Attorney's Office for Massachusetts. The office will also recommend that he be sentenced to 10 years in prison and ordered to pay more than $15.8 million in restitution.
A sentencing hearing has not yet been scheduled.
Sharma was arrested in February and released pending trial. He was detained again last month after authorities said he violated the conditions of his release by contacting at least one potential witness in the case.
Sharma, acting on behalf of his companies Pharmagears and RR Medco, worked with telemarketing companies to generate medical device orders for Medicare beneficiaries, prosecutors said.
He is accused of billing Medicare for medically unnecessary devices, which the patients often did not want or could not use. Some devices were ordered without a medical practitioner examining the patient, while others were ordered without providers' knowledge.
Though Sharma agreed in contracts to pay the market companies a flat fee, he instead paid them on a per-lead or per-order basis, in violation of anti-kickback laws, prosecutors said.
He claimed to be a police officer selling repossessed cars. The scam cost buyers $1,000s
Justice Dept. official ID's next step in Springfield police reform, amid uncertainty over its status
Feeding Hills woman to plead guilty in commercial mortgage scheme
'Strange and dangerous precedent': Tufts student's lawyer argues to keep case in Mass.
Read the original article on MassLive.

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7 top crypto ETFs: The best funds for investing in Bitcoin, Ethereum and more
7 top crypto ETFs: The best funds for investing in Bitcoin, Ethereum and more

Yahoo

time22 minutes ago

  • Yahoo

7 top crypto ETFs: The best funds for investing in Bitcoin, Ethereum and more

Bitcoin has hit a number of all-time highs in 2025, and the Trump administration is prioritizing rules that open up the crypto world to more investment, including creating the U.S. Strategic Bitcoin Reserve. So it's no surprise that traders have been actively pushing up crypto prices on the positive shift in sentiment. But how do investors without crypto accounts — or those who are wary of dodgy cryptocurrency exchanges — get a piece of the cryptocurrency market? Simple. Crypto ETFs give anyone with a traditional brokerage account the ability to get exposure to the most popular cryptocurrencies — and more ETFs are on the way to the market. If you're looking to trade crypto through ETFs, it's vital to know exactly what's under the hood of the ETF, and that may not always be obvious by the fund's name. Broadly, traders have several types of crypto funds, depending on what they own. Direct ownership of cryptocurrencies: These ETFs — called spot ETFs — own cryptocurrencies, meaning their shares represent real stakes in the cryptocurrency. These funds closely track the price moves of their cryptocurrency. These funds tend to have relatively low management expenses (i.e. low expense ratios). Indirect exposure to cryptocurrencies: These ETFs use financial derivatives such as futures contracts, to mimic the cryptocurrency's performance. These funds may move in the direction of the cryptocurrency but often don't closely track the crypto's moves. These funds tend to have higher fees, because of the costs of trading. Some funds may try to double the performance of Bitcoin using derivatives, though at greater risk and cost. Options strategies with cryptocurrencies: Some newer funds may own spot ETFs and use options to generate income from the highly volatile asset, and then pay out that income as dividends to shareholders. These funds also have higher fees. Direct ownership of crypto- or blockchain-related stocks: Some crypto ETFs may invest in stocks of companies that profit on blockchain or other crypto-related companies. This ETF will track the fund's stocks and not really the performance of a cryptocurrency. These funds may have lower expense ratios, but you'll need to check each fund's fees. While ETFs owning Bitcoin, the most popular cryptocurrency, had existed for a few years before 2024, that year saw a big development as the Securities and Exchange Commission (SEC) approved trading in spot Bitcoin ETFs in January and then spot Ethereum ETFs later on. These spot ETFs allow investors to earn virtually the same return as the underlying crypto coin, since they own the cryptocurrency directly. So they're a great pick if you want to invest in these top crypto assets without having to open an account at a crypto exchange and deal with the headaches of handling the coins yourself. The fund company safeguards the crypto, and since ETFs are listed on the exchange, you can work with any of the best online brokers to buy them. For now, only Bitcoin and Ethereum are approved for spot ETFs, but that could change soon, as the crypto-friendly administration of President Donald Trump eases regulations on the sector. Already, dozens of applications for other crypto ETFs have been submitted, and funds for two of the most popular cryptocurrencies — Solana and Avalanche — are among the applicants. So investors may soon have a low-cost way to wager on the prices of many more cryptocurrencies. Below are some top cryptocurrency funds, including what the funds own, how much they charge (as a percentage of your investment) and how they may perform. The funds all feature low expense ratios. ETF (ticker) What it owns Expense ratio How it may perform iShares Bitcoin Trust (IBIT) Bitcoin 0.25% Tracks the returns of Bitcoin closely. Franklin Bitcoin ETF (EZBC) Bitcoin 0.19% Tracks the returns of Bitcoin closely. Fidelity Wise Origin Bitcoin Fund (FBTC) Bitcoin 0.25% Tracks the returns of Bitcoin closely. Bitwise Ethereum ETF (ETHW) Ethereum 0.20% Tracks the returns of Ethereum closely. Franklin Ethereum ETF (EZET) Ethereum 0.19% Tracks the returns of Ethereum closely. iShares Ethereum Trust (ETHA) Ethereum 0.25% Tracks the returns of Ethereum closely. VanEck Digital Transformation ETF(DAPP) Blockchain-related stocks 0.51% Tracks a set of blockchain stocks such as crypto exchanges. The expense ratios for the Bitcoin and Ethereum funds are low, particularly given the relatively high costs of trading cryptocurrency directly, even at some of the best crypto apps and exchanges. A $10,000 investment in the iShares Bitcoin Trust, the largest spot Bitcoin fund by assets, costs $25 per year, and you pay a proportional share of that each day you own the fund. As you can see in the table, the first three funds are all spot Bitcoin ETFs, so they own the crypto directly and the fund performs almost exactly like the cryptocurrency itself. Similarly, the Ethereum funds here are all spot funds, so they closely track the price of Ethereum. So they're a good substitute for trading these cryptocurrencies on your own through an exchange. Here are more of the best Bitcoin ETFs and best Ethereum ETFs. The final fund invests in blockchain and related crypto and infrastructure companies such as crypto exchange Coinbase and Strategy, a company that invests in Bitcoin directly through an elaborate process that could significantly magnify the returns, albeit at much greater risk. Returns at this crypto fund will reflect the weighted average performance of the fund's stocks, and it won't track any cryptocurrency directly, though it may rise and fall with the crypto market. Traders looking to buy a crypto ETF should know exactly what the fund owns so they can get the type of exposure and investment that they actually want. Each fund must report exactly how it's investing its money, so a quick search for the fund will tell you its specific strategy and what kinds of assets it owns — actual cryptocurrency, spot ETFs, futures contracts or stocks. Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

People Are Revealing What Happened To Their Childhood Bullies Later In Life, And Wow, It's A Pretty Wild Ride
People Are Revealing What Happened To Their Childhood Bullies Later In Life, And Wow, It's A Pretty Wild Ride

Yahoo

time25 minutes ago

  • Yahoo

People Are Revealing What Happened To Their Childhood Bullies Later In Life, And Wow, It's A Pretty Wild Ride

We shared a Reddit thread about where people's former childhood bullies ended up later in life. This prompted BuzzFeed Community users to tell us about what happened to their former school bullies once they became adults. The stories were pretty interesting. Here's what people shared: 1."She always made fun of me and turned my two best friends against me. I saw her at a reunion a few years ago. She approached me with that familiar nasty look on her face, like she was going to make some snide comment with the intent to humiliate me. I pretended to have no idea who she was, then hit her with, 'Oh!! You're the one who got pregnant in 10th grade!' Then, I walked away before she could respond. We graduated almost 30 years ago." —ponygirl79 2."My school bully is still teaching at my high school. The fact that he's still allowed to teach just sickens me." —a_carp97 3."There was a girl who decided to start a rumor that I asked her to prom, thus making me a 'giant lesbian.' I got spit on, hit, and pushed around, and I eventually dropped out in the 10th grade because of her. One of the girls who instigated the worst of it later tried to friend me on Facebook when I had one. I looked at her profile, and it turns out she has a wife. I never did get an apology." —pullhandlesupnotout 4."The only person I remember bullying me in high school is now my husband. He was naive then and realized I wasn't so awful. We've now been together for 21 years and married for 15. He's a great husband and father. People can change and grow!" —dazzlingcookie746 5."I was bullied throughout school, all the way from elementary through high school. One particular bully called my parents one day out of the blue, apologizing for what he'd done. It turns out he went into the military, and I guess getting bullied during training made him realize what an a-hole he was. However, in my opinion, it was too little, too late. The damage was already done. No amount of apologizing will fix what was broken." —Anonymous 6."One of my former bullies is a stand-up comedian/actor. He apologized, invited me to one of his shows, and said I could heckle him if I wanted to." —Anonymous 7."I was viciously bullied by multiple people through my childhood and teens for all my 'weird traits,' which eventually got diagnosed as autism. Also, I was really tall and, therefore, an easy target. One of my bullies actually became a social worker. I don't know if she's changed, and I don't care. This woman used classic abuser tactics on me, isolating me from my family and friends, telling me nobody would care about me like she did, and taking me on her dates so I could see 'what it looked like to be desired.' She was evil. Now she's a social worker?" "I served her dad in my store a while ago and didn't realize it was him until he gave me some details for his receipt. He said his daughter was supposed to have come in to help him, but couldn't. Once he'd left, I had to hide around the back of the store, throw up, and sob because I was so shaken up. I hadn't spoken to her in 20 years, but never recovered." —garebehr 8."My bully won the lottery and retired early. I'm not kidding. Like most lottery winners, I hope his life was a mess after that. Sorry, not sorry." —ericr1 9."I'm on good speaking terms now with one of mine now. She was also the only one at my 10-year reunion who gave condolences for my dad's passing. Ironically enough, though, she recently made a post about how her daughter is being bullied in school, and she just can't believe people would be so cruel. I kept my mouth shut." —m4eed64e13 10."My bully is a nurse in the NICU at our local children's hospital. I had a baby in February who had to spend a week in the NICU. I was TERRIFIED that I would see her and she would be the nurse to my baby. I seriously wouldn't have put it past her to neglect my baby over her hatred for me. I spoke to my husband and mother about it when I went into labor, knowing (because my baby was coming early) that she would end up in the NICU, and I wanted to know if I had the right to ask for a new nurse. They both told me not to be dramatic and get over it because a nurse couldn't be so cruel. Little do they know ALL the things she did to me over many years." "Luckily, I did not have to see her face once. I don't know if she doesn't work there anymore, was on vacation, or just saw my name and knew it would be a bad scene. Regardless, I breathe a HUGE sigh of relief whenever I remember my baby being discharged from the NICU!" —leahm491b1c910 11."One of my main bullies is now in the Army and posts pictures of himself with guns all too frequently." —triiipi 12."I sold her my childhood home. Why? Because we grew up. A family needed a home, and I had one I didn't use." —Anonymous 13."She was a friend who turned into a bully. After graduating from high school, we went our separate ways, and I haven't reconnected even though she's in the area and runs into members of my family and friends occasionally. I think she's had a chance to mature since then, as she went to college and was exposed to more than just the strict family she grew up with. She does children's book illustrations now and recently got married. I know that at least some of the bullying was in response to stress at home, especially because her mom was going through some pretty serious medical stuff at the time. I hope she's doing well, but I won't contact her. The things she did and said affected me for a long time, and I still have trouble trusting friends to be friends." —torbielillies 14."One of my worst ones is now a judge in Texas. I shudder to think about it." —wonkobox laws 15."I was bullied a lot. I was very tall, skinny, and awkward. Not a cool look in the early '80s. When I was divorced in my early 30s, I ran into two of the boys who were the worst of the lot. Neither of them had grown taller than about 5'7 and didn't recognize me when they offered me a seat at their table and offered to buy me a drink. I looked at them, smiled, held my hand to the top of my head, and told them, 'You need to be this tall to ride this ride.' I'm 5'9. It was a win for my tall, skinny, awkward 13-year-old self." —laurenebannister 16."Someone murdered him. I don't think the case was ever solved." —hello-i-am-a-potato 17."For four years, every day in high school, this guy relentlessly verbally bullied me. I pretended not to hear him. Fast forward 50 years when I walked into our 50th high school reunion. There he was. He followed me everywhere, and every time he spoke, I said something like, 'You were awful to me in high school.' I couldn't get away from him. Everywhere I went, there he was right at my side. Finally, the event was over, and we were leaving, and once again, he was right there. I said, 'You were awful,' again, and to my surprise, he said, 'I'm sorry.' I was able to say, 'I forgive you.' This was the best part of the reunion!" —Anonymous 18."I was bullied/ostracized by a group of five boys when I was 15 years old and in the 10th grade. There was never any physical violence, however. The ringleader of the group was very scarred by his parents' very acrimonious divorce when we were both 14. He was jealous of kids like me who lived in loving and stable homes. At some point, he started using drugs to cope with the difficulties he had dealing with his parents' divorce. He resorted to burglary to help fund his drug habit and was sentenced to prison multiple times. As far as I know, he is still in prison in his senior years, although it's possible that he was released at some point." "Bottom line: His parents' divorce basically ruined his life. I had no experience with divorce and didn't understand what he was going through. Looking back on this experience, if I had better understood it, maybe I could have done something to support him, and the bullying wouldn't have occurred." —sidneykaler 19."A couple of years ago, I reconnected with a girl I knew in high school, and she invited me to a small holiday get-together with some other people we went to school with. No one there had really bullied me, but they were all aware it was happening at the time and were close with the girls who were really leading it. It came up that high school was a bit rough for me, but the conversation quickly moved on, and we had a nice night. The next day, the girl who invited me texted to thank me for coming and apologized for not being a better ally in high school." "She'd known what people were saying about me, and even though she wasn't the problem (she was always very lovely and friendly and still is), she felt bad and wished she'd done something more to support me back then. It was an unnecessary apology. I never blamed her and had processed and moved on from the rest long ago, but it was still very kind of her to say, and it made me feel nice." —dalyaz 20."I was pretty quiet in high school and kept mostly to myself. I was paired with a group of mean girls one day in class, and I complimented a girl on her prom dress and asked her where she got it. She told me not to bother since the store doesn't carry dresses in my size. The whole class heard her and laughed. I never considered myself 'bigger,' just average, but after that day, I never could get out of the mindset that everybody thought I was huge. That girl has three daughters, and I worry about how she talks to them." —jojorollins5678 21."My high school bully wasn't a bully in the traditional sense, but she was a compulsive liar who had our school administrators wrapped around her little finger and would make up these grandiose stories about how we (her classmates) had wronged her in an attempt to get us into trouble. She targeted me because I had been nice to her when she transferred into the district midway through eighth grade. She harassed me (and many others) over text and via social media as well. Everyone knew she was a pathological liar, but it didn't matter because the principal and deans believed her. The only time I got sent to the principal's office in all my years attending school in this district was because of her alleging that I was 'bullying her' in 11th grade. Last year (six years after graduating high school), I met a guy who grew up a few towns away from me and attended the same state college as her. He had even been roommates with her ex-boyfriend." "I told him that the summer between first and second year of college, she came back to our hometown and told everyone that she had a boyfriend, but of course, nobody believed her because you couldn't believe a word she said, and that I was shocked to hear that that was actually true. His response was, 'That actually explains so much.' From what he told me, she hadn't changed much. At college, she was always in other people's business, always had to be the center of attention, and blackmailed several people (including the guy I met). Last I heard, she moved out to the Pacific Northwest (from the Northeast), and even though it's been seven years since I last saw or interacted with her, I still have her blocked on every platform in case she still wants to harass me." —cristinas437192d57 22."I was bullied relentlessly in junior high. I was small, an only child, and had glasses and a mouthful of braces. The girl who believed me the most actually sent me a long message on Facebook about how sorry she was, how she teaches her children to be different, and that her attitude was in response to her crappy home life. We are friends now, send each other Christmas cards, and even met for a glass of wine. After 30 years, let bygones be bygones. However, to this day, I am very particular about my appearance whenever I'm in public to prove that I'm not that girl from junior high anymore. Whenever I hear two people talking in low voices, I think they are talking about me. Bullying sticks with you for life. I'm in my 40s and still working through it." —katied47fd64e0d 23."One of the boys who made it his life goal to bully me came from a nice upper-class family, but he was totally low-class. In sixth grade, we had a class swim party, and he convinced all of the kids that I'd poison the pool and that I wasn't wanted there. I spent the rest of the party in the house, waiting until the end for my mom to come and get me. I never told my parents about it. By the time we got to high school, he'd dropped off the social map. I just found out that the bully died last year. He spent his entire adult life as a stoner, jumping from odd job to odd job. He had lots of chronic health problems related to his lifestyle choices. He lived in an old travel trailer on his cousin's farm." —Anonymous 24."I was a huge nerd and was bullied by a few girls in elementary school. A few years ago, one of them, out of the blue, messaged me to apologize and told me that she was just really jealous. I didn't realize it, but I was reading way ahead of my grade level, and she revealed that she was essentially illiterate at that point and was miserable. I hadn't thought about her in a decade, but she said it bothered her, and I appreciated it!" —skybluedays 25."I was bullied by a lot of kids in elementary school because I was small and quiet. One girl and her mother bullied me. Her mom was the Girl Scout leader. They were social-climbing snobs and even made fun of my mom's accent. They excluded me from activities. She approached me at our 40th class reunion and acted like I was her long-lost best friend. She was getting over cancer, which I wouldn't wish on anyone. We talked for a while, but I was pretty puzzled. Maybe her brush with death made her think about her choices. At earlier reunions, I just got the stink eye from her. Her besties, who were also bullies, also acted all sweet with me. I guess success is the best revenge because they were all surprised at how well I turned out. They're all doing fine, which is great. Sounds like they grew up. They were just following the lead of their snobby, social-climbing moms." —Anonymous 26."She was so cruel to me for years in high school. From the first day we met, she called me names and told horrible stories about me. She was absolutely awful! Especially about my weight because she was thin and popular, and I was the chunky nerd. Fast forward 25 years. I took a job as a teacher, and unbeknownst to me, she worked as an administrator in the gifted/talented department at the same school. We didn't interact much; she had gotten married, so she changed names and also looked very different. She knew it was me for over a year, but never said a word until one day, I realized who she was." "I still marvel at the fact that she bullied me relentlessly as a kid and then acted like we were strangers when she knew exactly who I was." —Anonymous 27."One was a guy who, for some weird reason, used to tease me relentlessly when we were in elementary and middle school. I have no idea why. He's now in prison for murdering someone. He became homeless, lived in an encampment, and got into it one night with some other guy and killed him. Another one was this awful girl from high school who, I swear, inspired Mean Girls. At some point, she was in an accident and is now paralyzed from the waist down, in a wheelchair, and lives alone in government housing. You'd think that would humble someone, but no. Her Facebook is still super rude, so I guess she hasn't changed." "Finally, just based on my own experiences as a parent, I'm pretty sure most bullies grow up and end up being parent bullies in the PTA. I quit doing volunteer work at the schools because I am too old to deal with people who peaked in high school and are still doing the same crap." —j4287b3497 28."I had one 'friend' bully me for my sexuality. She is now a mental health nurse." —woofshoe 29."We wound up becoming friends online. She had dropped out of school and gotten her GED. She's raising a child with her partner and has felt genuine remorse for middle school." —Anonymous 30."I was in high school in California, but moved to the Midwest for college, grad school, and stayed for work. Year after year, I would get reunion announcements from a bully girl who thought she was still in the in crowd. I finally emailed her that she should take me off the mailing list since I had no interest in reliving high school. Petty, but it felt good. She had married the football captain and never grew up." —jfmailacct 31."He's a real estate agent in our area. I looked at his reviews, and they're all written by his friends from high school." —jessethecowgirl 32."My bully and I ran into each other at an AA meeting that set all animosity aside. We are very close now." —kmpbnjelly "Nothing special happened to mine. As far as I know, they continued living in my hometown, got married, and had kids like most people did. When they made my life hell, people said, 'Karma will get them back one day. They'll end up sad and alone,' but it doesn't always work like that. Sometimes, they end up happy and fulfilled. But I don't begrudge them that. I hope they grew up emotionally and realized that being cruel wasn't conducive to happiness." —emmak26 What happened to your childhood bully later in life? Tell us in the comments or share anonymously using this form.

Three Days of Protest in L.A.
Three Days of Protest in L.A.

New York Times

time26 minutes ago

  • New York Times

Three Days of Protest in L.A.

An extraordinary weekend of protest ignited in Los Angeles after federal immigration authorities conducted a series of immigration raids across the region Friday. Over the next two days, the protests were limited in size and occurred only in a few pockets of the area. But in some of the clashes with demonstrators, law enforcement officers responded with crowd-control munitions, tear gas and flash-bang grenades. President Trump activated the California National Guard without the assent of Gov. Gavin Newsom on Saturday, an unusual move the governor described as 'intentionally designed to inflame the situation.' By Sunday, several hundred troops had been dispatched to the city as protesters gathered outside a detention center in downtown Los Angeles, though most troops appeared not to engage with protesters. City and state leaders condemned the deployment, including Mayor Karen Bass, who called it 'a chaotic escalation.' But Ms. Bass also urged protesters to follow the law and said not all demonstrators had been entirely peaceful. Some defaced self-driving Waymo cars and a group ventured onto the 101 freeway, bringing traffic to a halt. Outside of downtown, life went on as normal in most parts of the city. But Mr. Trump painted a darker picture, saying the city had been 'invaded and occupied' and any efforts to impede federal immigration officials would be seen as a 'form of rebellion.' Sunday, June 8 Waymo self driving cars were vandalized and set on fire as protests intensified. Officers from the Department of Homeland Security, Immigration and Customs Enforcement, and the city police department all worked to contain the unrest. Want all of The Times? Subscribe.

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