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Thursday, Jan 15 2015

Full Issue

Federal Agents Raid Florida Medical Supply Firm

The action is part of a Medicare fraud probe into a company led by Daniel Porush, who was the basis for the lead character in the Hollywood film, "The Wolf of Wall Street."

Federal agents on Wednesday raided the offices of a Boca Raton, Fla., medical-equipment supplier with an executive who was the inspiration for a 鈥淲olf of Wall Street鈥 character. Daniel Porush, an executive at Med-Care Diabetic & Medical Supplies Inc., was a former associate of Jordan Belfort, the stockbroker whose boiler-room tactics ultimately landed both men prison sentences. The 2013 film, 鈥淭he Wolf of Wall Street,鈥 was based on their exploits and starred Jonah Hill as the character inspired by Mr. Porush. (Weaver, Stewart and Carreyrou, 1/14)

FBI agents and other investigators spent hours Wednesday apparently collecting evidence at a South Florida medical supply firm with links to 鈥淭he Wolf of Wall Street鈥 film amid accusations of Medicare fraud. FBI spokesman Jim Marshall confirmed that the bureau was 鈥渃onducting law enforcement activity鈥 at the offices of Med-Care Diabetic and Medical Supply Inc. in Boca Raton. News media photos and video showed agents from the FBI and other agencies carting out boxes of files and other materials from the office. (1/14)

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