Giving Back
Pharmed donated money and time to many community organizations and causes, including Little League and NCAA-sanctioned basketball summer leagues, and providing presents and meals for the needy during the holidays. The brothers were honored by many local charities for their philanthropic work. They were named Humanitarians of the Year in 2006 by the American Red Cross of Greater Miami & the Keys; inducted into the Florida International University College of Business Entrepreneurship Hall of Fame in 2005 among dozens of business awards they received.
However, the de Céspedes brothers' and Pharmed's record of community involvement was tarnished by their admission that they intentionally defrauded hospitals, Medicare and Medicaid, and the United States Government.
Read more about this topic: Pharmed Group
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