Short seller Hindenburg banked just $4M from $150B market rout after accusing India giant of fraud
Short seller Hindenburg Research acknowledged that it made just $4 million in profits after making a massive claim that wiped $150 billion out of the value of a major Indian conglomerate owned by one of the world’s richest men. Hindenburg denied allegations by India’s securities regulator last year that it conspired with a U.S. asset […]
Medicare pushes new payment rule after alleged $3 billion fraud scheme – The Washington Post
Federal regulators are calling for an overhaul of how Medicare pays health care providers after a $3 billion scheme to defraud the agency became one of the largest in history. Over the course of more than a year, about a dozen companies used the personal information of Medicare recipients and doctors to submit bills to […]
Indian American Physician, 51, Pleads Guilty To Healthcare Fraud – NDTV
Washington: A 51-year-old Indian-American doctor from the Chicago area has pleaded guilty to federal health care fraud for billing Medicaid and private insurers for services that did not exist. Mona Ghosh, who owns and operates Progressive Women’s Healthcare, which specializes in obstetrics and gynecology services, pleaded guilty to two counts of health care fraud. Each […]
Despite Obvious Fraud, Katie Hobbs Sworn In as AZ Governor
Estimated Reading Time: 2 minutes The election steal is complete. Democrat Katie Hobbs took office on Jan. 2 as governor of Arizona, the first Democrat governor of the state since 2009. The private ceremony Monday at the State Capitol will be followed by a public inauguration on Thursday [Jan. 4], the Associated Press said. Meanwhile, […]
DOJ to offer Boeing plea agreement amid potential fraud charges — crash victims’ families slam ‘sweetheart’ deal
The Justice Department is preparing to propose a plea deal that would require Boeing to plead guilty to conspiring to defraud the Federal Aviation Administration in connection with two 737 Max crashes in 2018 and 2019 that killed 346 people. Reuters report. The Justice Department is alleging that Boeing violated a 2021 deferred prosecution agreement […]
US wants Boeing to plead guilty to fraud over fatal crashes, lawyers say
The U.S. Department of Justice plans to propose that Boeing plead guilty to fraud charges related to two fatal crashes involving its 737 Max jetliners, according to two people who heard federal prosecutors detail the proposal on Sunday. Boeing has until the end of next week to decide whether to accept or reject the proposal, […]
Republicans Demand Audits for ‘Astonishing Level’ of Potential Obamacare Enrollment Fraud
House Republican committee chairs on Saturday called for an audit of the “alarming levels” of Obamacare enrollment fraud. Judiciary Committee Chairman Jim Jordan (R-Ohio), Ways and Means Committee Chairman Jason Smith (R-Missouri), and Energy and Commerce Committee Chairman Cathy McMorris Rodgers (R-Wash.). It is called Citing the Paragon Health Institute report, the report said the […]
GOP leaders call for probes into alleged Affordable Care Act fraud – The Washington Post
House Republican leaders are calling for a government watchdog to investigate ACA health insurance enrollment, citing reports that insurance brokers may have fraudulently enrolled customers in some ACA health plans, allowing millions of Americans to unfairly benefit from federal insurance subsidies. The House Energy and Commerce, Ways and Means and Judiciary committees met on Friday. […]
76 doctors, other medical professionals accused of participating in health care fraud schemes: DOJ
The Justice Department announced Thursday that it was filing criminal charges against about 200 people for their alleged involvement in “various health care fraud schemes.”press release It was stated by the department. The 2024 National Healthcare Fraud Enforcement Action found that intended losses from these frauds were approximately $2.75 billion, with actual losses estimated at […]
Supreme Court Vindicates Right to Jury Trial in Securities Fraud Cases
The Supreme Court ruled Thursday that people accused of civil fraud by the Securities and Exchange Commission have the right to a jury trial before a federal judge, denying the commission’s authority to take enforcement actions and impose fines through its internal courts. The ruling is a major blow to what has in recent years […]