At first glance, the arrangement known as ‘factoring’ may seem unbalanced. But dr. Moy rationalized that he needed cash, and that most insurance companies, when they paid a claim, only paid 70 or 80 percent anyway.
During this arrangement, prosecutors would later charge, Dr. Moy also involved in a sprawling plot to lure tens of thousands of car accident victims to his and other doctors’ offices. The leader of this $70 million-plus venture, according to a 2022 federal indictment, was Mr. Pierre, the man Dr. Moy with its 35 percent instant payouts on outstanding insurance claims.
In the company’s description in the indictment, people called “runners” bribed hospital workers, 911 dispatchers and police officers to provide names of people injured in car accidents. The runners then contacted the victims and referred them to Dr. Moy or another clinic in the group. The indictment does not identify any of the police officers or dispatchers who allegedly provided information.
Once patients arrived at his clinics, Dr. Moy “provided unnecessary and excessive medical treatment” to inflate insurance claims, the suit alleges. The behavior began early in Dr. Moy, the prosecutors charged.
Court records suggest that with the arrival of the criminal charges this year, Dr. Moy turned against Mr. Pierre. In three meetings with detectives, Dr. Moy made “harmful admissions to the prosecutors’ team” and told them that Mr. Pierre was in fact running his medical practice, according to a motion filed by Mr. Pierre’s lawyers for a separate process.
His wife had filed for divorce years earlier and Dr. Moy had moved into a separate apartment in the same building, three floors up, where he lived alone.
In the spring of this year, Dr. Moy disconnected from his life and routines, unable to practice medicine while awaiting trial on his case.