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Tenet Healthcare Settles SEC Accounting Fraud Action
Tenet Healthcare Corp. settled an SEC civil enforcement action by agreeing to an injunction and payment of a $10 million penalty for inflating its earnings by exploiting a loophole in the Medicare and Medicaid regulations called "outlier payments." According to the Litigation Release (here): The Commission’s complaint alleges that between 1999 and 2002, Tenet engaged…
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When Will the AG Be Allowed to Explain the “Firings”?
When will Attorney General Gonzales get to explain? Bloomberg here reports on the problems faced by the AG — who now wants to speak to the Senate Judiciary Committee sooner then initially planned. What is particularly ironic here is that the Attorney General is being faced with an issue seen by many charged with a…
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Two Medical Related Cases Settled
1) The U.S. Attorney’s Office of the District of Massachusetts, along with the Massachusetts Attorney General and the Office of Inspector General for the U.S. Department of Health and Human Services reports that it reached a settlement with the Tri-City Mental Health Center. The Center, a "mental health and social services provider with several facilities…
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Defense Fraud Charges Filed
A DOJ Press Release reports that "[a]n Alabama company and its owner have been indicted on charges of illegally exporting sensitive military technology overseas, fraud involving aircraft parts, and submitting false documents to the government." The five count indictment includes charges claiming that the defendants exported "defense articles without a license." The indictment also calls…
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BetOnSports Founder Arrested
Wall Street Jrl reports on the arrest of BetOnSports Founder here. For background on this case see here and here. This will be an interesting case to follow. (esp)
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The Attorney Firings Controversy Continues
The firing of eight U.S. Attorneys remains in the forefront of the news. Some recent articles and commentary include: Amy Goldstein & Dan Eggen, Washington Post, Prosecutor Posts Go to Bush Insiders: Less Preference Shown to Locals, Senators’ Choices Professor Michael Seigel (Florida) writes an op-ed in the Orlando Sentinal that advocates against allowing executive…
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Attorney General Cuomo of NY Examines Student Loan Practices
New York Attorney General Andrew Cuomo issued a press release stating that he found "deceptive practices in the college loan industry." His response was to send "letters to more than 400 colleges and universities cautioning them of potential conflicts of interest." His press release included seven areas in the student loan industry that are problems,…
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Make Sure You List the Statute Correctly
Web CPA reports in an article titled, " DOJ Puts Tax Cheat in Jail, But Doesn’t Get Hands on $100M" thatlisting the wrong statute in a plea agreement has cost prosecutors enormously – they will not be permitted to proceed against an individual on a forfeiture action. (esp) (w/ a hat tip to Joel Podgor)
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Gonzales on U.S. Attorney Firings: “I Don’t Recall Being Involved in Deliberations”
After Attorney General Alberto Gonzales’ former chief of staff, Kyle Sampson, testified that the AG was involved in the decision to terminate eight U.S. Attorneys, Gonzales responded that "[f]rom time to time, Kyle would tell me things that would tell me that this effort was ongoing. I don’t recall being involved in deliberations involving the…
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New Jersey State Senator Charged with Corruption
New Jersey state Senator Wayne R. Bryant and the former dean of the School of Osteopathic Medicine (SOM) in New Jersey, R. Michael Gallagher, where charged in a twenty-count indictment with violations of Sec. 666 and the mail and wire fraud statutes for illicit arrangements to triple Bryant’s state pension through no-show jobs. According to…
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