The Union County Prosecutor’s Office
32 Rahway Avenue   Elizabeth, NJ 07202
Theodore J. Romankow

June 4, 2010

Contact: John Holl
(908) 527-4621

Pharmacist pleads guilty


A licensed pharmacist pled guilty earlier this week to 2nd Degree Insurance fraud and has agreed to reimburse an insurance company more than $235,000, said Union County Prosecutor Theodore J. Romankow.

Victor H. Fakondo DOB: 10/19/1956 of Hanson Ave in Piscataway worked part time at an Elizabeth pharmacy where, according to an investigation, he submitted at least 290 false claims to insurance company MedCo, said Romankow. In October 2009 he was charged with defrauding an insurance company of at least $237,000 by filing fraudulent claims and pocketing the proceeds.

According to the investigation, Fakondo worked at the Margarita Pharmacy between June 2008 and August 2009 as a pharmacist. In September 2009 MedCo called the pharmacy asking about a claim. The owner of the pharmacy had no record of the claim in the computer system and ran an audit of Fakondo’s transactions and found the widespread fraud.

“There were pages and pages of fraudulent invoices created and submitted by Mr. Fakondo,” said Romankow who noted that the pharmacy never actually received any prescription drugs.

Some of the claims were made out in the names of Fakondo’s wife and children. They have not been charged with a crime.

Sentencing is scheduled for August 27 before Union County Superior Court Judge Stuart Peim.