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Friday, June 19, 2015

(Reuters) - The U.S. Department of Justice said on Thursday that 243 people have been arrested across the country, charged with submitting fake billing for Medicare, a government healthcare program, that totaled $712 million.

Attorney General Loretta Lynch described the arrests as the largest criminal health care fraud takedown in the history of the Justice Department.

Those arrested included 46 doctors, nurses and other licensed medical professionals. The charges are based on a variety of alleged fraud schemes, the government said, including submitting claims to Medicare and Medicaid, the healthcare program for low-income individuals, for treatments that were medically unnecessary and often never provided.

The nationwide sweep, led by the Medicare Fraud Strike Force and the U.S. Centers for Medicare and Medicaid Services, involved about 900 law enforcement officials. It's the largest both in terms of the number of those charged and the amount of money lost. read more


(Reuters) - The U.S. Department of Justice said on Thursday that 243 people have been arrested across the country, charged with submitting fake billing for Medicare, a government healthcare program, that totaled $712 million.

Attorney General Loretta Lynch described the arrests as the largest criminal health care fraud takedown in the history of the Justice Department.

Those arrested included 46 doctors, nurses and other licensed medical professionals. The charges are based on a variety of alleged fraud schemes, the government said, including submitting claims to Medicare and Medicaid, the healthcare program for low-income individuals, for treatments that were medically unnecessary and often never provided.

The nationwide sweep, led by the Medicare Fraud Strike Force and the U.S. Centers for Medicare and Medicaid Services, involved about 900 law enforcement officials. It's the largest both in terms of the number of those charged and the amount of money lost. read more


Monday, June 15, 2015

Nearly four years ago, as America was still crawling out of the crater left by the collapse of the economy, a former CEO of AIG -- a company whose name had become synonymous with the crash -- sued the federal government over the bailout, alleging that the government had violated shareholders' Fifth Amendment rights. Today, a court sided with wealthy investor Maurice "Hank" Greenberg, but he won't be getting any damages because the company would have gone bankrupt without the bailout.

Greenberg held the top position at AIG for 37 years before exiting in 2005 in the middle of a fraud scandal that cost the company nearly $2 billion, but as the controlling shareholder of Starr International, he has remained a substantial investor in the company.... read more


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