country
EN
Indian-Origin CFO Gets Jail Term, Fine in US for Bribing Surgeons
['About The Author']
Deccan Chronicle - Latest India news | Breaking news | Hyderabad News | World news | Business news | Politics | Technology news
Humad conspired to bribe surgeons to use SpineFrontier's products, and in turn, the company received millions of dollars in revenue from surgeries the surgeons performed.
Foley said Humad now stands convicted and sentenced for conspiracy to pay bribes to physicians to induce them to use products in complicated spine surgeries.
Authorities said Humad and SpineFrontier, Inc. entered into contracts that purportedly paid surgeons between USD 250 and USD 1,000 per hour to provide technical feedback about the company's products.
In reality, prosecutors said Humad directed the company to pay surgeons to use SpineFrontier products in surgeries, including procedures paid for by Medicare, Medicaid, and the Veterans Health Administration.
The surgeons frequently spent only a small fraction of their reported time, if any, performing actual consulting, according to prosecutors.