Shawn Rains and Joseph Maharaj were sentenced to 12 years and 90 months in prison, respectively, for their participation in a scheme to steal millions of dollars from a White Plains company where they were formerly high-ranking executives. Rains was previously convicted, following a two-week jury trial, of mail fraud conspiracy, mail fraud, and money laundering conspiracy. Maharaj previously pled guilty to one count of mail fraud conspiracy. Rains and Maharaj were executives at OrthoNet, a healthcare claims processing company based in White Plains, New York.
Between approximately 2009 and 2017, Rains and Maharaj designed and executed a scheme to defraud OrthoNet of over $4 million and to launder the fraud proceeds. Rains and Maharaj conspired with others to create fake vendors that purported to do work on behalf of OrthoNet. Rains, Maharaj, and their co-conspirators then signed invoices approving payment for the fake work, and OrthoNet sent payments to the fake vendors. Rains, Maharaj, and their co-conspirators then converted the money to cash to hide the source of the fraud proceeds and split it up amongst themselves. In addition to the prison sentence, Rains, 57, of Le Bouscat, France, was ordered to forfeit $4,043,798.69 and pay restitution in the amount of $4,636,150.69. Maharaj, 42, of Goldens Bridge, New York, was ordered to forfeit $4,034,411.19 and pay restitution in the amount of $4,034,411.19.
