The highlight of the day is the looting of Armenian gangsters and their associates making use of the phantom health care clinics and various other measures to bluff Medicare out of $163 million, reported to be the largest fraud by one criminal enterprise in the program's history.

Federal prosecutors in New York accused 73 people of causing raids on Wednesday morning in New York City and Los Angeles, at the same time arrests happened in New Mexico, Georgia and Ohio.

The scheme's aim is to “put the traditional Mafia to shame," U. S. Attorney Preet Bharara said at a Manhattan news conference.

Fedarcyk, head of the FBI's New York office, said that the notion of this movement was to bribe people to sign up for unneeded treatments.

The operation was performed under the protection of an Armenian crime boss, known to be former Soviet Union as a "vor," prosecutors said. The reputed boss, Armen Kazarian, was earlier in custody at the Los Angeles.

Kazarian, 46, of Glendale, Calif., and two alleged ringleaders — Davit Mirzoyan, 34, also of Glendale, and Robert Terdjanian, 35, of Brooklyn — were accused of committing the crime which also involved racketeering conspiracy, bank fraud, money laundering and identity theft.