DALLAS (AP) – A North Texas doctor accused of running a scheme to defraud Medicare and Medicaid of nearly $375 million has surrendered his medical license.

Jacques Roy is in federal custody on charges that he signed off on thousands of claims to bill the federal government for services that weren’t necessary or weren’t done.

READ MORE: Arctic Front Brings Coldest Day Of Week To North Texas & Overnight Temperatures In The Lower 20s

In an order released Monday, the Texas Medical Board said Roy had agreed to surrender his license to practice medicine in the state.

The order says the 54-year-old Roy does not admit or deny the federal allegations against him, but agreed to a settlement to avoid a possible lawsuit.

READ MORE: Luka Leads Streaking Dallas Mavericks To 102-98 Win Over Raptors

Roy’s attorney did not immediately respond to a message seeking comment.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

MORE NEWS: Pipeline Company Threatening To Cutoff Natural Gas Service To 5 Texas Power Plants

Also Check Out: