NICB is committed to advancing the values of diversity, equity, and inclusion - READ MORE!

National Insurance Crime Bureau

Former Sales Representative Indicted in Compounded Prescription Drug Scheme

Department of Justice

U.S. Attorney’s Office

District of New Jersey

FOR IMMEDIATE RELEASE

Tuesday, February 23, 2021

Former Sales Representative Indicted in Compounded Prescription Drug Scheme

NEWARK, N.J. – A former sales representative was arrested today for his role in a scheme to defraud public health benefits programs by billing for medically unnecessary compounded prescriptions, Acting U.S. Attorney Rachael A. Honig announced. 

Matthew Puccio, 38, of Randolph, New Jersey, was indicted by a federal grand jury on Feb. 17, 2021, for conspiracy to commit health care fraud. He will be arraigned at a date to be determined. 

According to the indictment returned yesterday:  

Compounded medications are specialty medications mixed by a pharmacist to meet the specific medical needs of an individual patient. Although compounded drugs are not approved by the Food and Drug Administration (FDA), they are properly prescribed when a physician determines that an FDA-approved medication does not meet the health needs of a particular patient, such as if a patient is allergic to a dye or other ingredients in the prescription.

Click for full Press Release