Healthcare Firm Charged With $4 Million Fraud

Elvera Bartels

A healthcare company and its founder have been charged with defrauding investors of practically $4 million by misrepresenting it experienced secured funding from a bank and failing to disclose the founder’s felony heritage.

The U.S. Securities and Exchange Commission stated Josiah David pitched Premier Health care Solution to investors as giving a professional medical insurance plan reimbursement plan that would deliver them with an “outstanding” return on their expense.

But Premier “lied to future investors that it experienced already cemented a romance with a bank, when it experienced not performed so,” the SEC stated in a civil grievance, and David allegedly failed to disclose he experienced been convicted of fraud and failing to sign up a organization when he was identified as Dennis Lee.

From at the very least July 2017, Premier has lifted about $three.nine million by promoting membership models to about 131 investors, the grievance stated.

“Investors ought

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