The former head of Cairo Technologies Inc. pleaded guilty Friday to money-laundering charges, including money laundering, for his alleged role in the scheme, the Justice Department said.
Christopher J. J. Cairo, 51, who served as president and chief executive officer of Caireas Inc., was indicted on six counts of money laundering by the Justice Departments Special Anti-Money Laundering Unit.
Cairea is the nation’s largest maker of electronic medical records and medical device accessories.
Caizs former chief executive was arrested at his home in London, Ont., in March 2018, accused of running a sophisticated medical device company, called Caire, which was accused of laundering more than $500 million over a 15-year period.
The U.S. Attorney’s Office in Washington said Caire received more than a half-billion dollars in government assistance between 2007 and 2016.
Cais pleaded not guilty in U.K. court to six counts in a London courtroom.
“In exchange for a plea, the United States will not pursue charges against the defendant in the United Kingdom,” U.N. Ambassador Nikki Haley said in a statement.
“The United States is committed to fighting corruption in the health care industry and working with the UK Government to ensure that all patients and providers are protected.”
The Justice Department announced the indictment on Friday after a three-week investigation into Caire.
Caibes wife, Carola, also pleaded guilty in court Friday.
The company, which has offices in the U.KS., Canada and Australia, was formed in 1996 by two brothers, who had worked as scientists at the Royal Society and the University of Ottawa.
In 2016, Caire Technologies was spun off into its own company, Cairo Health Solutions Inc., and it has a total of more than 1,500 employees in more than 20 countries.
It has been accused of fraud and breach of trust for over a decade.
The Justice department said Cairo has received more money from U.A.E. than any other U. S. company.
It said Cairas business practices were “designed to ensure compliance with anti-money laundering rules and regulations and the highest ethical standards” at the time of the alleged scheme.
Cairedos founder, Christopher J Caires, was arrested in London in March of 2018 and accused of money-lifting and drug smuggling.
His brother Christopher J and their father, Christopher Caire Sr., have been charged in connection with the alleged drug smuggling operation.
The case was the subject of a five-month federal investigation led by the U of A’s international criminal law program, U. A.A.’s Law Enforcement and Interpol Programs Division, and the U, A.S., Canada, Ireland, Australia and New Zealand Organized Crime and Corruption Unit.
The investigation, which lasted for two years, led to the arrests of six people.
Cairos family was named in a 2015 criminal complaint alleging that Caire’s business model was to illegally obtain medicines from the U-A-E.
Cairaas is owned by the Canadian and U. of A.