Trivikram Reddy, a nurse practitioner from Waxahachie, Texas, will forfeit over $40 million from foreign accounts following his conviction for wire fraud conspiracy. Acting U.S. Attorney Chad E. Meacham announced the development on March 4, 2025.
After Reddy's conviction in 2021, where he was sentenced to 20 years in prison, the government pursued a civil forfeiture action. It alleged that Reddy and others transferred fraud proceeds to nearly 200 bank accounts in India. A forensic financial analysis traced these funds, leading to seizure warrants for their forfeiture and restraint.
On March 3, 2025, U.S. District Judge Ada Brown ordered the transfer of up to $41,237,703.16 back to U.S. government custody after Reddy and two family members agreed to the stipulation.
Court documents reveal that Reddy orchestrated a scheme defrauding Medicare and several insurance companies including Blue Cross Blue Shield of Texas and UnitedHealthcare by submitting false patient bills using provider numbers of six doctors who did not provide services at his clinics. In response to federal investigations, Reddy's team fabricated medical records in an unsuccessful attempt to legitimize these claims.
Reddy pleaded guilty in October 2020 and was sentenced by Judge Brown in May 2021 with an order for over $50 million restitution to victims.
Assistant U.S. Attorney Dimitri Rocha is handling the civil forfeiture case while Assistant U.S. Attorney Beverly Chapman oversees restitution efforts. The investigation was conducted by the FBI Dallas Field Office and Health and Human Services-Office of Inspector General (HHS-OIG).