Jean Jethro Alexandre Gets 10 Years in $58 Million 340B Fraud, Owes $14.3 Million
Updated
Updated · Fox News · Jun 15
Jean Jethro Alexandre Gets 10 Years in $58 Million 340B Fraud, Owes $14.3 Million
1 articles · Updated · Fox News · Jun 15
Summary
Nearly 10 years in prison and $14.3 million in restitution were imposed on Jean Jethro Alexandre after his conviction in a $58 million healthcare fraud tied to the federal 340B drug discount program.
Prosecutors said Alexandre and co-conspirators recruited fake patients, paid kickbacks and used fraudulent HIV and AIDS prescriptions to bill Medicare, Medicaid and private insurers through a nonprofit clinic he secretly co-owned.
The scheme exploited the gap between deeply discounted 340B drug prices and insurer reimbursements; in some cases, prosecutors said, drugs dispensed under the fake prescriptions were simply destroyed.
A $2.5 million South Florida mansion and luxury cars including a 2023 Bentley and 2024 Mercedes were traced to the proceeds, and Alexandre is set to be transferred to ICE for removal after serving his sentence.
The case is intensifying congressional calls for tighter 340B oversight, with lawmakers arguing weak transparency and contract-pharmacy rules have left the safety-net program vulnerable to fraud.