Precision Lens owner ordered to pay $487M for Medicare kickback scheme.

Precision Lens, a Bloomington-based eye lens distributor, has been ordered by a federal judge to pay $487 million in civil damages for funding a kickback scheme that included lavish vacations and trips to exclusive sporting events for eye surgeons in exchange for using their products in cataract surgeries reimbursed by Medicare. The company was found guilty of violating the False Claims Act.