Was Chief Financial Officer of Medical Firm bilking Medi-Cal?
The former chief financial officer of a Los Angeles based medical firm was sentenced to four years in state prison on charges of grand theft and filing false state income tax returns, the Franchise Tax Board (FTB) announced today. Emmanuel A. Udeobong, 48, was employed by New World Medical Group, Inc. According to court documents, Udeobong issued false claims to Medi-Cal and Medicare between 1999 – 2001, and received more than $418,000 in fraudulent payments. Because the theft involved more than $150,000, Udeobong was also sentenced to an additional two years in state prison for a white collar crime enhancement, and is ineligible for probation since his theft involved more than $100,000. His two sentences will run concurrently. In addition, Udeobong failed to claim more than $267,541 in income on his state income tax returns. All income is taxable including income from illegal sources. Restitution to the FTB of more than $23,900 representing the unpaid tax, penalties, interest, and the
