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He defrauded the CPAM for three years: a taxi manager embezzled 2.4 million euros by charging for phantom journeys

The sixty-year-old admitted to having defrauded 19 CPAM funds. MAXPPP – Vincent Isore

For three years, a 60-year-old manager of a taxi company defrauded the Primary Health Insurance Fund (CPAM) to the tune of 2.4 million euros. He was indicted this Thursday, January 9, 2025 for fraud and money laundering before being imprisoned.

A taxi company manager of Cameroonian origin was indicted this Thursday, January 9 in Versailles, for having defrauded the Primary Health Insurance Fund (CPAM), according to our colleagues at Parisien.

The 60-year-old man is suspected of having overcharged for patient transport in the Paris region for three years. The damage amounts to around 2.4 million euros.

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His technique was very well-honed. He wrote false health insurance declarations, which he then sent to the organization. “He allegedly overcharged for his activities. In short, he was getting paid for trips he never made”, specifies a source close to the case.

19 CPAM funds

His scam did not go under the radar of the Versailles financial crime squad, who discovered that almost all of the company's funds were transferred to personal accounts in Bulgaria, Estonia and Malta. It was there, on November 30, 2023, that the prosecutor decided to open an investigation following this discovery.

This Tuesday, the criminal confessed to having defrauded 19 CPAM funds. The embezzled money was allegedly invested in cryptocurrencies and real estate projects in Africa. “In front of the investigating judge, he expressed regret and said he was ready to repay everything“, according to a source in the case.

Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116