After months of The Wealthy Dentist’s coverage of the ongoing story behind the Medicaid braces racket in Texas, WFAA-TV is now reporting that one of the dentists being charged with massive fraud is in the process of installing a water park on his mansion property.
The Wealthy Dentist began its coverage of Texas Medicaid orthodontics in June of 2011, when we reported that in 2010, Texas spent $184 million on Medicaid orthodontics — more than the rest of the United States combined.
Nowhere was the lucrative business of Medicaid braces more evident than with Texas dentist Richard Malouf’s mansion in Dallas.
It is a massive French chateau with a pool house big enough for the average American family of four to live in. The Maloufs also own the mansion next door. According to tax records, the combined value of the two properties is more than $14 million.
They are known in Texas as the house that braces built.
Now, as two lawsuits charge dentist Malouf with fraud, he continues to expand his mansion properties.
Real estate columnist Candy Evans told WFAA-TV, “There’s going be a gymnasium, a rock climbing wall and there’s plans for a bowling alley upstairs. There’s going to be exercise rooms.”
According to the WFAA-TV website –
Attorney Jim Moriarty is one of a consortium of attorneys in the action lawsuit, led by Waters & Kraus in Dallas. They say samples of Malouf’s records show that 100 percent of his Medicaid claims were false.
“Frankly, it borders on being obscene,” Moriarty said of the mansion expansion. “The taxpayers of the State of Texas paid to build that house, and are paying to expand that house for a guy who claims to have made his money treating the people of Texas.”
WFAA-TV originally uncovered that Malouf’s All Smiles Dental Centers of Texas had orthodontia billings of up to $10.2 million while under his control.
Since those days, Chicago-based hedge fund Equity Partners acquired All Smiles Dental for an undisclosed sum and is now involved bankruptcy proceedings in Texas.
For more on this story see: Dentist in Medicaid Suit Adding a Water Park to His Mansion