Overview

• A federal grand jury indictment accuses the 61-year-old psychiatrist of submitting over $149 million in fraudulent claims and masterminding illegal kickbacks for patient referrals.
• The FBI’s probe began in June 2017, leading to 2018 raids that shuttered Sovereign Health Group, yet Sharma continued operating a treatment center under a new license until his May arrest.
• Prosecutors allege Sovereign employees enrolled patients into insurance plans without consent, billed nearly $29 million for unauthorized urinalysis tests, and paid more than $21 million in illicit referral fees.
• Sharma is charged with four counts of wire fraud, one count of conspiracy and three counts of illegal remunerations, each wire fraud count carrying up to 20 years in prison.
• Co-defendant Paul Jin Sen Khor pleaded not guilty and is set for trial on July 29 while Sharma remains detained as a flight risk after attempting to board a flight to Dubai.