A local auction company will sell off a recording studio, vehicles and other personal property that once belonged to a man convicted of bilking Medicare and Medicaid out of millions of dollars.
Auctioneer Louis Dakil said the belongings of Lance Faulkner — who once owned his own prosthetic limb manufacturing company — could bring in hundreds of thousands of dollars at auction.
The sale will begin 9 a.m. Saturday at Dakil Auctioneers, 200 NW 114.
Court records show that Faulkner cheated Medicare and Medicaid out of at least $5.5 million by submitting false claims. He was convicted of billing the health care entities for expensive prosthetics that were given to patients with no prescription.
Faulkner also billed Medicare for hundreds of thousands of dollars in prosthetic limbs that were never given to patients.
A grand jury indictment handed down in February 2011 showed that Faulkner's crimes were committed between January 2006 and June 2010, and that he used doctors' identification numbers to submit the bogus claims.
Faulkner owned Heartland Orthotic Prosthetic Lab in Shawnee before his conviction.
One of his dreams was to own a recording studio and lodging area, which he called Little River Music Valley, where big-name performers could stay and record music.
Little River Music Valley, which was located on 40 acres adjacent to Faulkner's former Tecumseh residence, was seized by authorities.
Other items seized include several Apple computers, a vast collection of remote control cars, musical instruments and high-end home appliances.
Most of the money raised at the auction will be used to pay restitution in the health care fraud case.
Dakil said the high-end recording equipment has been drawing interest from outside the Oklahoma City area.
“People have been calling from all over the country about these items,” Dakil said. “This guy, Mr. Faulkner, he bought only the best money could buy.”
Faulkner, who was sentenced to 51 months in federal prison in June, is currently at a medium-security facility in El Reno, records show.
He is scheduled to be released January 2016.
A list of items — and photographs of them — is available at the auction company's website, www. dakil.com.