Pharmacy owner pleads guilty in $100M fraud scheme

NEW PORT RICHEY — The president and owner of a Florida pharmacy at the center of a massive compounding pharmacy fraud scheme — which affected private insurance companies, Medicare and Tricare — has pleaded guilty for his role in the case.

Nicholas Borgesano Jr., 45, of New Port Richey, the president and owner of A to Z Pharmacy of New Port Richey, pleaded guilty in Middle District of Florida federal court to one count of conspiracy to commit health care fraud and one count of conspiracy to engage in monetary transactions involving criminally derived property.

According to a press release, seven other individuals have previously pleaded guilty in connection to the scheme. Various properties, cars — including a 2008 Lamborghini convertible — and a 50-foot boat will be forfeited as part of the guilty pleas.