OIG - Office of Inspector General

01/21/2026 | Press release | Distributed by Public on 01/21/2026 15:18

Former Zynex, Inc. Executives Charged with Health Care and Securities Fraud and Related Offenses

Former Zynex, Inc. Executives Charged with Health Care and Securities Fraud and Related Offenses

PROVIDENCE - A federal grand jury in Rhode Island has returned an indictment, unsealed today, charging the former Chief Executive Officer and Chief Operating Officer of Zynex, Inc., a medical device company, with conspiracy to commit health care fraud, securities fraud, and mail fraud, among other violations. Thomas Sandgaard, 67, a resident of Castle Rock, Colorado and a dual citizen of the United States and Denmark, and Anna Lucsok, 39, a resident of Denver, Colorado and a dual citizen of the United States and the Ukraine, were indicted on one count of conspiracy to commit health care fraud, mail fraud, and securities fraud; nine counts of health care fraud, two counts of mail fraud and three counts of aggravated identity theft, announced United States Attorney Charles C. Calenda.

Read more on https://www.justice.gov

Action Details

  • Date:January 21, 2026
  • Agency:U.S. Attorney's Office, District of Rhode Island
  • Enforcement Types:
    • Criminal and Civil Actions
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