Sharp Memorial Hospital will pay the federal government $6.2 million to settle an employee's claim that it defrauded Medicare in the 1990s by misrepresenting costs involved in its heart-and kidney-transplant programs, the U.S. Attorney's Office said yesterday. Judith A. King, Sharp's heart transplant coordinator, alleged in a … [Read more...]
Sharp Will Pay $6.2 Million To Settle Whistle-Blower Suit
Madoff To Stay Out of Jail For Now
Bernard Madoff Allowed to Stay in His Posh Manhattan. Bernard Madoff is going to be allowed to stay in his posh Manhattan while he awaits trial on charges of securities fraud. A Federal judge rejected a prosecution request to revoke the alleged Ponzi-schemer's $10 million bail today, but added more conditions to Madoff's bail … [Read more...]
Madoff Fraud Losses Could Spread to Those Who Got Out
A result of the alleged investment fraud. Even investors who pulled their money out early could sustain substantial losses as a result of the alleged investment fraud committed by Bernard Madoff. According to a report on Reuters.com, those investors could ultimately be forced to turn over any profits they made from their Madoff … [Read more...]
Bernard Madoff Will Have to Face Investors on Thursday
He Pleads Guilty to Fraud Charges. Some of Bernard Madoff's investors want to be heard when he pleads guilty to fraud charges on Thursday. According to USA Today, federal prosecutors have heard from at least 25 investors who want a chance to tell Madoff how his alleged Ponzi scheme has forever altered their lives. Madoff - once a … [Read more...]
Ezra Merkin Latest Madoff Middleman to Face Fraud Charges
Civil Fraud Changes. Hedge fund manager Ezra Merkin now faces civil fraud changes over the Bernard Madoff Ponzi scheme. According to a complaint filed by New York Attorney General Andrew Cuomo, investors, including several prominent charities and non-profits, entrusted millions to Merkin, who allegedly steered the money to Madoff … [Read more...]
Madoff Feeder Fund Charged with Fraud
Admitted Ponzi Schemer Bernard Madoff. Fairfield Greenwich Group, a hedge fund that invested with admitted Ponzi schemer Bernard Madoff, has been charged with fraud. According to The Wall Street Journal, the charges filed by the Massachusetts Secretary of State allege the company breached its fiduciary duty to clients by failing to … [Read more...]
$2.8 Million False Claims Act Settlement in Case Brought Against Medtronic
Medicaid Fraud Allegations involving Medtronic. Kathleen Kane, Pennsylvania’s Attorney General (AG), has announced that her office joined in a $2.8 million multi-state and federal settlement that involves Medicaid fraud allegations involving ‘Medtronic’. The AG’s office indicated that it joined in the multi-million-dollar … [Read more...]
