Feds charge former Zynex execs in massive medtech billing fraud case

A federal grand jury in Rhode Island has charged two former top executives of Colorado-based medical device company Zynex Inc. with fraud, accusing them of raking in hundreds of millions of dollars for unnecessary equipment and supplies.

Former Zynex CEO Thomas Sandgaard, 67, of Castle Rock, Colorado, and former Chief Operating Officer Anna Lucsok, 39, of Denver, each face nine counts of healthcare fraud, two counts of mail fraud and three counts of aggravated identity theft, among other charges, including conspiracy to commit securities fraud, according to a U.S. Department of Justice news release.

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