SEPTEMBER 15, 2006 - Posted at 11:22 a.m. CDT
LITTLE ROCK, AR - A neurosurgeon based in Searcy has been arrested for allegedly taking kickbacks on sales of medical equipment that were paid for under the Medicare and Medicaid programs.
FBI agents arrested 42-year-old Patrick Chan on Wednesday night.
At a federal court hearing yesterday, Chan told Magistrate J. Thomas Ray that he has a net worth of $10 million and earns about $200,000 per month. Chan has dual citizenship with Canada and Malaysia and Ray wanted more time to work out terms of a release for Chan pending trial. The hearing is to resume this afternoon.
Chan offered to post a $1 million bond, wear an electronic ankle bracelet, and put up his medical equipment and home in Searcy. Chan, who was already planning to move to Canada to rejoin his wife and children, is being held in the Pulaski County Jail.
Authorities say Chan asked a medical equipment salesman to kick back part of his commission. The salesman wore audio and video equipment when allegedly paying Chan.