EDGE New York City

A Florida man has been charged with conducting a Ponzi scheme, which targeted the gay community in Wilton Manors.

A vast network of Armenian gangsters and their associates used phantom health care clinics and other means to try to cheat Medicare out of $163 million, the largest fraud by one criminal enterprise in the program’s history, U.S. authorities said Wednesday.

They don’t seem that interested in hot pursuit. It took private sleuths hired by Medicare an average of six months last year to refer fraud cases to law enforcement.

Ten men, including a former Securities and Exchange Commission employee, were arrested Wednesday in a $12 million scheme to cheat investors using a Manhattan boiler-room operation with mob links, authorities said.