Executives who defrauded White Plains-based OrthoNet sentenced, must pay back millions
Rains was sentenced to 12 years in prison. Maharaj received 7 ½ years.
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Two former executives at a White Plains-based health care consulting company OrthoNet are headed to prison for stealing millions from the business.
According to the U.S. Attorney’s Office, Shawn Rains, 57, was previously convicted following a two-week jury trial of mail fraud conspiracy, mail fraud and money laundering conspiracy. Joseph Maharaj, 42, pleaded guilty to one count of mail fraud conspiracy.
Rains was sentenced to 12 years in prison. Maharaj received 7 ½ years.
In addition to their time, both men will pay $4 million each in restitution.
“Shawn Rains and Joseph Maharaj…betrayed the trust of their employer by stealing millions of dollars,” said U.S. Attorney Damian Williams in prepared remarks. “ Along with co-conspirators, Rains and Maharaj used sham companies to submit fake invoices and trick their employer into paying for work that never happened, then laundered the proceeds. Prosecuting cases like this is crucial to maintaining trust in business and protecting the integrity of financial systems upon which countless individuals and institutions rely.”
