Lavish Spending and Forfeiture Targets
According to bank records cited in the complaint, Dean used Medicaid funds to pay employees and family members, and spent lavishly on real estate, jewelry, and vehicles—including more than $1.5 million on property and about $256,000 on vehicles, such as GMC Yukons and RVs. Prosecutors allege Dean had no legitimate source of income, earning only $167,743 from 2018 to 2024, before suddenly receiving $10,000 weekly payments from his company starting in late 2024.
Criminal Background and Cooperation History
Before founding Cedric Dean Holdings, Dean spent over two decades in federal prison for drug trafficking and firearms offenses. He was released in 2017 after assisting prosecutors in securing a conviction against James Clay Waller, a Missouri man who murdered his wife. Prosecutors credited Dean’s cooperation and potential testimony—based on a manuscript Waller wrote confessing to the crime—as pivotal in obtaining the conviction.
Despite his past as a cooperative witness, Dean now faces one of the most significant Medicaid fraud allegations in the region.
