Overview
- A Rhode Island grand jury charged Thomas Sandgaard, 67, and Anna Lucsok, 39, with conspiracy, nine counts of health care fraud, two counts of mail fraud and three counts of aggravated identity theft.
- Prosecutors allege a 2017–2025 scheme that generated more than $873 million by billing for excessive or unnecessary supplies and using those revenues to inflate financial results and the company’s stock price.
- FBI agents from the Boston and Denver divisions arrested both defendants this week, and authorities moved to restrain properties in Colorado and Florida, bank accounts, luxury vehicles and a Gulfstream G‑IV jet.
- Charging documents describe patient complaints about unsolicited shipments and large delayed bills and detail alleged efforts to harass journalists who investigated the company.
- Zynex says the two are no longer employed, the board removed Sandgaard as director and chair after the indictment, and the company—now in Chapter 11—has not been charged.