According to investigators, Julian Vence Kimble, who operated two private ambulance companies—Monarch Ambulance and Pearl Ambulance—took Medicare for a ride, collecting payment for health care benefits, namely basic life support ambulance transports. Then, he allegedly tried to hide or launder the proceeds in financial transactions.

At the end of a trail of failed business deals, the self-described 'millionaire' now finds himself charged with defrauding Medicare of at least $4.6 million, conspiracy to commit money laundering, and tax evasion.

Kimble, also a Houston nightclub investor, pleaded not guilty during his first court appearance Nov. 2. A $30,000 bail has been set.

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