Acting U.S. Attorney Michael M. Simpson announced that Josiah David, also known as Dennis Lee, of Vernon, New Jersey, James Michael Kafes of Carmel, New York, and four corporate entities—Provision Corporation LLC, The Premier Healthcare Solution LLC (Premier), Out of Pocket Relief for Americans LLC (OPRA), and The Supporters of OPRA LLC (TSOPRA)—have been indicted on multiple federal charges related to an alleged fraudulent investment scheme and conspiracy to obstruct a grand jury investigation.
The indictment includes one count of conspiracy to commit wire fraud, six counts of wire fraud, and one count of conspiracy to obstruct justice. All defendants are charged in the first count; David, Kafes, and Premier are charged in each of the wire fraud counts; and David and Kafes face the obstruction charge.
According to court documents, Total Financial Group (TTFG), based in Covington, Louisiana until 2017 and operated by Denis Joachim, created a Medical Reimbursement Account program called “Classic 105.” This program involved administration fees for participants and employers, loans to employees that did not require repayment during their lifetimes, and insurance policies payable upon death. David and Provision partnered with Joachim’s company to market Classic 105 but were unable to secure financial institutions for its loan component.
Federal authorities executed search warrants at Joachim’s residence and TTFG’s office in January 2017. Following this action—which led to TTFG ceasing operations—Joachim was indicted by a federal grand jury in the Eastern District of Louisiana and later pleaded guilty regarding fraudulent activities connected with Classic 105.
Despite these developments, David and Kafes agreed soon after the search warrant execution to create a successor program modeled on Classic 105. They formed Premier for two stated purposes: developing this new plan (“New 105 Plan”) similar to Classic 105 and soliciting investments by promising significant profits once it launched. Premier also entered into a consulting agreement with Joachim that would pay him up to $20,000 per month as “royalty payments,” despite having no clients or revenue; ultimately the New 105 Plan never launched.
Kafes served as President of Premier while David managed development operations under the guise of being merely an assistant. To attract investors—who contributed over $4 million—David, Kafes, and their associated entities allegedly made false statements about how close they were to launching the plan; claimed patent protection; said funding from financial institutions was secured; asserted legal vetting by law firms; misrepresented relationships with Joachim; understated David’s role; failed to disclose his criminal history—including prior felony convictions—and omitted public warnings issued against him by regulatory agencies.
Of those funds raised from investors-owners through purchases or contributions exceeding $4 million dollars total—over $550,000 was sent from David/Kafes/Premier-controlled accounts directly to Joachim via more than 120 transactions.
David and Kafes are further accused of conspiring to obstruct justice by withholding material evidence from a federal grand jury investigation in Louisiana. They allegedly arranged for certain materials not be produced as requested by investigators—and discouraged at least one investor-owner from cooperating with authorities. Additionally it is alleged that on March 27th ,2025 Kafes provided false testimony before the grand jury under oath.
“An indictment is merely a charge,” Acting U.S. Attorney Simpson stated,“and that the guilt of the defendants must be proven beyond a reasonable doubt.”
If convicted on all counts relating both individuals could face up twenty years imprisonment per count plus fines up $250 thousand dollars each per offense—as well supervised release periods special assessment fees . Each corporate defendant could face fines up half-million dollars per charged count .
Simpson acknowledged investigative work performed by United States Department Labor Employee Benefits Security Administration Office Inspector General , along with contributions Federal Bureau Investigation . Assistant United States Attorney Jordan Ginsberg , Chief Public Integrity Unit , leads prosecution .
