JOSIAH DAVID, also known as Dennis Lee, from Vernon, New Jersey, and JAMES MICHAEL KAFES of Carmel, New York, along with four corporate entities—Provision Corporation LLC, The Premier Healthcare Solution LLC, Out of Pocket Relief for Americans LLC, and The Supporters of OPRA LLC—have been indicted on multiple federal charges related to a fraudulent investment scheme. The indictment was announced by Acting U.S. Attorney Michael M. Simpson in New Orleans.
The defendants face eight counts: conspiracy to commit wire fraud; six counts of wire fraud; and conspiracy to obstruct justice. According to the indictment, Total Financial Group (TTFG), a Louisiana business led by Denis Joachim, developed and sold a Medical Reimbursement Account program called “Classic 105.” After TTFG’s operations ceased in 2017 following law enforcement actions and Joachim's guilty plea to fraud charges involving Classic 105, David and Provision Corporation formed an association with TTFG. They then created The Premier Healthcare Solution (Premier) as a successor venture.
David and Kafes allegedly promoted a new program modeled after Classic 105—the “New 105 Plan”—and solicited investors with promises of significant profits once it launched. However, the plan never launched. Premier entered into an agreement with Joachim that included payments labeled as "royalty payments," despite generating no revenue.
While Kafes was listed as President of Premier and David presented as his assistant, authorities allege David managed the operation. Prosecutors say they misled investors by claiming the plan was close to launch and protected by patents; they also claimed funding had been secured from financial institutions and that law firms had vetted the plan’s legality.
Investigators state that material information was withheld from investors about David’s criminal history—including felony convictions and regulatory actions—as well as their true relationship with Joachim. Over $4 million was collected from investor-owners; more than $550,000 was sent to Joachim through over 120 transactions.
David and Kafes are further charged with conspiring to obstruct justice during a federal grand jury investigation in the Eastern District of Louisiana. Allegations include withholding evidence from the grand jury and discouraging witnesses from cooperating with investigators. Additionally, on March 27, 2025, Kafes is alleged to have given false testimony under oath before the grand jury.
"An indictment is merely a charge and that the guilt of the defendants must be proven beyond a reasonable doubt," said Acting U.S. Attorney Simpson.
If convicted on all counts, David and Kafes could each face up to twenty years in prison per count for wire fraud-related charges plus additional penalties for obstruction of justice; corporate defendants could be fined up to $500,000 per count.
Acting U.S. Attorney Simpson commended investigative work conducted by agencies including the United States Department of Labor – Employee Benefits Security Administration and Office of Inspector General as well as contributions from the Federal Bureau of Investigation. Assistant United States Attorney Jordan Ginsberg leads prosecution efforts.
