Source: Office of United States Attorneys
Trivikram Reddy, 43, a Waxahachie nurse practitioner previously convicted of wire fraud conspiracy and sentenced to 20 years in 2021, will now forfeit over $40 million from foreign accounts into which he moved the funds, announced Acting U.S. Attorney Chad E. Meacham.
Following Mr. Reddy’s conviction, the government filed a civil forfeiture action alleging that Mr. Reddy and others transferred and laundered the fraud proceeds to nearly 200 bank accounts located in India. Through forensic financial analysis, the government traced the proceeds to these accounts and obtained seizure warrants to forfeit and restrain the funds. On Monday, March 3, 2025, after Mr. Reddy and two family members stipulated up to $41,237,703.16 of the funds’ return from India, U.S. District Judge Ada Brown issued a judgment ordering the funds to be transferred to U.S. government custody.
According to court documents, Mr. Reddy, a licensed nurse practitioner, devised a scheme to defraud Medicare, Blue Cross Blue Shield of Texas, Aetna, UnitedHealthcare, Humana, and Cigna. Mr. Reddy and co-conspirators created false patient bills using the provider numbers of six doctors as the treating physicians on the claims. All the claims were false, as none of the six doctors provided billable services to any of Mr. Reddy’s medical clinics. In response to federal agents’ investigative inquiries, Mr. Reddy and his staff manufactured fake medical records in a failed attempt to justify the false claims. Mr. Reddy pleaded guilty to conspiracy to commit wire fraud in October 2020. In May 2021, Judge Brown sentenced Mr. Reddy to 20 years imprisonment and ordered over $50 million in restitution to the victims of his offense.
The civil forfeiture case is being handled by Assistant U.S. Attorney Dimitri Rocha. Assistant U.S. Attorney Beverly Chapman is handling the restitution. The case was investigated by the FBI Dallas Field office and Health and Human Services-Office of Inspector General (HHS-OIG).