May 18, 2013
  • City pharmacist admits to selling black market meds: Officials

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    A pharmacist has been banned from selling medicine after admitting he peddled black market meds to his customers, officials said Tuesday.

    Rao Veeramachaneni, who owned a pharmacy on Flatbush Ave. in Brooklyn and Positive Care Pharmacy on East Tremont Ave. in the Bronx, sold the illegal drugs, including HIV/AIDS medicines, for two years, according to State Attorney General Eric Schneiderman. Veeramachaneni made more than $1 million from Medicaid for the sales, Schneiderman said.

    "Patients should be able to trust that the medications they buy at a pharmacy are obtained only through properly regulated channels," Schneiderman said in a statement.

    In addition to abdicating his pharmacist's license and withdrawing from the Medicaid program, Veeramachaneni will also pay the state $1.2 million in restitution under a plea deal with Schneiderman's office.

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