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New Jersey man pleads guilty in $50 million prescription drug scam

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(Pexels)CAMDEN - A southern New Jersey man accused of masterminding a prescription drug scheme that authorities say caused more than $50 million in losses to health benefit programs and insurers pleaded guilty on Tuesday.William Hickman faces sentencing in November on one count each of money laundering conspiracy and health care fraud conspiracy.

The 44-year-old Northfield resident and several other people were indicted in March 2019 as part of a long-running investigation by state and federal authorities.The indictment alleged that Hickman, a sales executive for a pharmaceutical company, and his associates exploited the fact that some state and local government employees had insurance that covered expensive compound, or specialty,.

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