The Collar
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Scammers Use Dead Doctors to Bilk Medicare
Continue reading… 11 CommentsWhile a dead doctor isn't much use to a patient, it turns out they can be quite helpful to perpetrators of Medicare fraud.
From The Associated Press:
Sellers of wheelchairs, drugs, and other medical supplies collected as much as $93 million in fraudulent Medicare claims based on prescriptions from doctors who actually were dead, some for 10 years or more, a congressional investigation has found.
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Fugitive Executive Surrenders
Continue reading… 1 CommentLess than a month after disappearing under suspicious circumstances, former hedge fund cofounder Samuel Israel gave himself up to authorities Wednesday, the Associated Press reports.
So where was this crooked executive hiding out all this time?
From the Associated Press:
Officials said that after Israel abandoned his car, he took off in a white recreational vehicle carrying a motor scooter and his belongings. He was believed to be staying at RV parks, campgrounds, or highway rest areas.
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Another State—Florida—Sues Countrywide
Continue reading… 33 CommentsLast week, attorneys general in California and Illinois filed lawsuits against beleaguered mortgage lender Countrywide. On Monday, Florida threw its hat in the ring as well:
From Reuters:
Florida sued mortgage lender Countrywide Financial Corp. on Monday for predatory lending practices, alleging the company at the center of the U.S. mortgage crisis made subprime loans to people who could not repay them.
