FEDERAL INDICTMENT: CARDIOLOGIST WITH BOCA BUSINESS ACCUSED IN $89M FRAUD

Monday, 6 July 2026, 15:52Monday, 6 July 2026, 15:52
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CLAIMED TO READ CARDIAC RESULTS, BUT CHILD ALLEGEDLY DIED…

BOCA RATON, FL (BocaNewsNow.com) (Copyright © 2026 MetroDesk Media, LLC) — A federal grand jury in West Palm Beach has indicted a Texas cardiologist accused of running an $89 million health care fraud scheme built around free heart screenings for student athletes — tests that were funneled through an unnamed Boca Raton company at the center of the alleged conspiracy. Jason Finkelstein, a Texas-based interventional cardiologist licensed in all 48 contiguous states, faces charges of conspiracy to commit health care fraud and wire fraud, along with three counts of health care fraud, according to the indictment filed June 16 in the Southern District of Florida.

Prosecutors say Finkelstein served as medical director for the company, identified in the indictment only as “Company 1,” which was formed under Florida law with its principal place of business in Boca Raton. The company’s owner and Managing Partner lived in Palm Beach County, while its Director of Operations lived in Broward County — both listed in the indictment as unnamed co-conspirators. According to prosecutors, the trio marketed no-cost cardiac screenings to colleges and universities nationwide, warning of sudden cardiac arrest risk in student athletes, while paying kickbacks and bribes to athletic trainers who steered students toward the testing.

The indictment alleges Finkelstein rarely, if ever, meaningfully reviewed the test results he was billing to insurers. In one case cited by prosecutors, Finkelstein allegedly signed off on 63 cardiac images for a student athlete identified as K.F. within about 11 seconds of opening them, falsely marking results as “normal” despite notations of possible cardiac abnormalities. K.F. later died, and after being told of the death and the family’s allegations that his sign-off contributed to it, prosecutors say Finkelstein kept rubber-stamping other students’ tests without review. Text messages quoted in the indictment show Finkelstein telling a co-conspirator “I don’t read those” regarding one type of scan, and acknowledging in writing that “these kids could be high risk… one of them drops dead on a field, they’re coming after both of us.”

According to the indictment, the scheme submitted more than $89 million in fraudulent claims to commercial insurers, the Federal Employees Health Benefit Program, the Veterans Health Administration and Medicaid between 2019 and 2025, with more than $13.1 million actually paid out. Finkelstein personally received approximately $1.1 million, prosecutors say. He is also named the owner of two Texas-based practices, Cardiovascular Testing Services PA and Cardiovascular Healthcare Associates PA, through which the billing was routed.

The indictment includes a forfeiture allegation seeking approximately $13,146,886 from Finkelstein. Aside from the unnamed Boca Raton-based “Company 1,” no other Boca Raton businesses are named in the indictment. BocaNewsNow.com will not name the business connected to Finkelstein until prosecutors official unveil the name.