Boston Man Used Secret Bank Account To Embezzle $1.2 Million From Cape Cod Dentist: DOJ

HYANNIS, MA — A Boston man will be sentenced in May after he admitted to using a secret bank account to embezzle over $1.2 million from a Hyannis dentistry practice.

The U.S. Attorney's Office in Massachusetts announced that Jack Massarsky, 65, pleaded guilty to one count of mail fraud and one count of wire fraud. He'll be sentenced on May 15.

Officials said Massarky worked as a dentist and bookkeeper at a Hyannis practice between 2015 and 2021. In 2015, Massarsky opened a secret bank account in the name of that practice.

Massarsky would intercept insurance reimbursement checks sent to the dentistry practice in the mail and deposit those checks in the secret bank account, officials said. He continued this for over five years and embezzled over $1.2 million, using the stolen funds for personal and family expenses.

He also used the practice's name to defraud the United States, officials said.

In July 2020, Massarsky submitted a fraudulent application to the Health Resources and Services Administration Provider Relief Fund in the name of the dentistry practice, officials said.

The HRSA is an agency of the United States Department of Health and Human Services that provides health care to people who are geographically isolated or otherwise vulnerable.

During the COVID-19 pandemic, the HRSA PRF provided economic assistance to qualifying healthcare providers, including certain dentistry practices. By submitting the fraudulent application to the HRSA PRF, Massarsky obtained over $52,000 in pandemic relief funds that were deposited in the secret bank account, officials said.

The charges of mail fraud and wire fraud each provide for a sentence of up to 20 years in prison, three years of supervised release and a fine starting at $250,000.