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April 19, 2012

Kittery ex-biz owner sentenced for fraud

The former president of a Kittery medical products supplier has been sentenced to two-and-a-half years in prison for defrauding insurance carriers of about $220,000. Peter Enzinger, former president of Seacoast Sleep Solutions, was also sentenced for lying on an application for a U.S. Small Business Administration loan.

A U.S. District Court judge also ordered Enzinger to pay $198,000 in restitution, according to the Bangor Daily News. His defunct company was fined $50,000 and ordered to pay $220,000 in restitution. Enzinger in October pleaded guilty to billing insurance carriers for products that were never delivered, products that were more expensive than those delivered and products that were returned. Enzinger overbilled Medicare by more than $145,600, Anthem by more than $49,000 and Martin's Point by more than $25,000, according to the paper. In July, he was convicted of lying about his criminal past on a 2009 application for a $1.3 million SBA loan.

According to his lawyer, Enzinger has paid $195,000 in restitution and began serving time toward his sentence in November. He said cash-flow problems due to business inexperience led his client to commit fraud to stay afloat.

Enzinger would have served no more than two years in prison had he not attempted to hide assets from court officials, according to the paper.

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