Taesung Kim, also known as 'Terry,' was sentenced to 63 months in prison for conspiring to launder the proceeds of a $24.4 million pharmacy fraud scheme. Kim pleaded guilty to one count of conspiracy to commit money laundering in December 2024. As part of his sentence, the Court ordered Kim to pay $24.4 million in restitution and to forfeit $6 million in fraud proceeds.
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Media Coverage · April 24, 2026
Taesung 'Terry' Kim, a 61-year-old Queens pharmacy owner, was sentenced to 63 months in prison for conspiring to launder $24.4 million in proceeds from a pharmacy fraud scheme. The scheme involved selling unnecessary prescription drugs to Medicare and Medicaid, which provide health insurance to vulnerable populations. Kim's sentence holds him accountable for defrauding these key federal healthcare programs.
newspaper Read articleQueens Pharmacy Owner Sentenced to Over Five Years in Prison for Money Laundering Scheme A New York man, Taesung “Terry” Kim, 61, of Harrison, New York, was sentenced today to 63 months in prison for conspiring to launder the proceeds of a $24.4 million pharmacy fraud scheme. Kim’s scheme to pad his pockets with $24 million in taxpayer dollars by peddling unnecessary prescription drugs is despicable and dangerous,” said Assistant Attorney General Colin M. McDonald of the Justice Department’s Nat
Open original open_in_newBROOKLYN, NY – Today, in federal court in Brooklyn, Taesung Kim, also known as “Terry,” was sentenced today to 63 months in prison for conspiring to launder the proceeds of a $24.4 million pharmacy fraud scheme. In December 2024, Kim pleaded guilty to one count of conspiracy to commit money laundering. As part of his sentence, the Court ordered Kim pay $24.4 million in restitution and to forfeit $6 million in fraud proceeds, including several bank accounts and real properties.
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Taesung 'Terry' Kim, a 61-year-old Queens pharmacy owner, was sentenced to 63 months in prison for conspiring to launder $24.4 million in proceeds from a pharmacy fraud scheme. The scheme involved selling unnecessary prescription drugs to Medicare and Medicaid, which provide health insurance to vulnerable populations. Kim's sentence holds him accountable for defrauding these key federal healthcare programs.
Taesung Kim, the owner of a Queens pharmacy, was sentenced to 63 months in prison for his role in a $24.4 million money laundering scheme. Kim pleaded guilty to conspiracy to commit money laundering in December 2024. He was ordered to pay $24.4 million in restitution and forfeit $6 million in fraud proceeds.
Queens Pharmacy Owner Sentenced to Over Five Years in Prison for Money Laundering Scheme A New York man, Taesung “Terry” Kim, 61, of Harrison, New York, was sentenced today to …
BROOKLYN, NY – Today, in federal court in Brooklyn, Taesung Kim, also known as “Terry,” was sentenced today to 63 months in prison for conspiring to launder the proceeds of …
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