Overview
- Agents executed searches at three Charlotte locations on Thursday, with the FBI confirming court‑authorized investigative activity.
- Court records allege Cedric Dean Holdings submitted inflated or false mental‑health claims after obtaining Medicaid identifiers from people offered food, temporary housing or small payments.
- Filings state the company billed about $14.5 million from September 2024 through June 2025, with roughly $9 million reimbursed and monthly totals near $1 million despite limited staffing.
- Investigators cite billing 894% higher than the next‑largest comparable provider, the use of fake diagnoses, and CashApp payments to staff and recruiters.
- Civil forfeiture documents detail seizures of tens of thousands of dollars from bank accounts, five vehicles including two RVs and luxury SUVs, and multiple properties in Charlotte and Shelby, with no criminal charges filed to date.