March 22, 2012 | Posted By: Hoyer Law Group, PLLC
A few year back Richard Malouf ranked pretty high on the list of Dallas’s most expensive homes; clearly, business at his All Smiles Dental and Orthodontics was pretty, pretty good. And then there were the private jets. But Malouf’s out of the business now: Byron Harris noted last summer that Malouf sold All Smiles to Valor Equity Partners, a Chicago-based hedge fund.
But he’s still got a bill to settle: The U.S. Attorney’s Office just sent word that All Smiles and Malouf have agreed to cut the feds and state of Texas a check for $1.2 million to “resolve allegations that they violated the civil False Claims Act and Texas Medicaid Fraud Prevention Act.” And according to the U.S. Attorney, Malouf’s still a minority owner in the clinic.