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HEALTH
By Meredith Cohn, The Baltimore Sun | September 17, 2011
When Maxim Healthcare Services settled one of the government's largest-ever medical fraud cases last week, the Medicaid and Veterans Affairs contractor agreed to pay $150 million and implement a host of corporate reforms. But Maxim, a Columbia-based home health and medical staffing company founded by Ravens owner Steve Bisciotti, avoided the penalty that would have the biggest impact on its bottom line: disbarment from federal health care programs. That's the case with nearly all of the companies ever charged with cheating government programs — including thousands of health care companies that are defendants in most of the cases and that settled civil charges for a record $2.5 billion in the 2010 fiscal year.
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BUSINESS
By BLOOMBERG NEWS | December 4, 1999
NEW YORK -- The sentencing of Patrick Bennett, convicted of 42 fraud and money-laundering counts in what prosecutors called the nation's biggest Ponzi scheme, was postponed yesterday as a federal judge threatened to impose a longer jail term if Bennett does not reveal where the stolen money went.Prosecutors said thousands of small investors were cheated in the $700 million scheme by Bennett, 46, former chief financial officer of Syracuse, N.Y.-based Bennett Funding Group Inc.Long jail term possibleU.
BUSINESS
By Paul Adams and Paul Adams,Sun reporter | April 19, 2008
A federal judge in Cleveland approved a settlement yesterday worth more than $16 million between Ferris, Baker Watts and victims of an investment fraud that was aided by a former Ferris broker. The deal resolves disputes between the Baltimore brokerage and about 100 victims of the fraud, which grew out of a Ponzi scheme carried out by a former Ferris client, David A. Dadante. It also answers lingering questions about the firm's potential legal liability as it strives to complete its sale to Royal Bank of Canada in a stock deal valued at about $230 million.
BUSINESS
By THE DENVER POST | March 16, 2005
The Securities and Exchange Commission sued 12 former Qwest Communications International Inc. executives - including one-time chief executive officer Joseph P. Nacchio - yesterday for allegedly inflating the company's financial performance and misleading investors. The SEC described Qwest under Nacchio as "a culture of fear" with subordinates desperate to meet his demands to hit revenue targets. The SEC accused the executives of a "massive financial fraud" that caused Qwest to record about $3 billion in false revenue and helped inflate its stock to cinch its 2000 merger with U S West, a regional phone company.
NEWS
By BOSTON GLOBE | October 29, 1996
CAMBRIDGE, Mass. -- Nobel laureate David Baltimore, his career ravaged by a decade-long scientific fraud case that was only recently judged baseless, called yesterday for major changes in the way government and academia pursue alleged misconduct and blasted "self-appointed fraud police" who presume scientists are guilty until proven innocent.In his first extended public comments on the case, Baltimore, a Massachusetts Institute of Technology professor of immunology and molecular biology, also had harsh words for his critics, calling them "scurrilous," "pernicious," "bulldogs" and "out of control."
BUSINESS
By Scott Higham and Scott Higham,SUN STAFF | October 31, 1996
A Towson-based defense firm pleaded guilty to fraud and obstruction charges yesterday, and faces $1.5 million in fines and a possible ban on all future military contracts.Environmental Technologies Group Inc. held two military contracts worth more than $62 million to make nearly 10,000 hand-held chemical agent monitors, devices designed to help soldiers detect nerve agents and mustard gas on the battlefield.Assistant U.S. Attorney James G. Warwick said in U.S. District Court in Baltimore yesterday that Environmental Technologies submitted false claims in connection with the contract three years ago and later obstructed a federal audit by providing the auditor with false information.
NEWS
August 22, 1997
A Baltimore company has agreed to pay $50,000 to settle a fraud claim that it improperly dumped contaminated waste into the city's sewers, the U.S. attorney's office said yesterday.The company, Clean America, had a contract to dispose of waste water contaminated by fire-fighting foam used to douse jet fuel fires after tests at the Randle Cliff Research Laboratory in Chesapeake Beach.Instead of shipping the waste to a facility in Delaware, prosecutors say the company instead decided to dump it down city sewer drains.
BUSINESS
By Marcia Myers and Marcia Myers,STAFF WRITER | October 21, 1995
The president of Wye River Inc., the Eastern Shore-based marketer of seafood seasonings and other products, was charged yesterday with defrauding the Food Lion grocery chain of more than $300,000.Beginning in 1988 and continuing until August 1993, Joseph L. Bernard III overcharged the grocery chain by listing inflated prices on invoices, according to federal prosecutors.The company produces and markets seasonings for crabs, plus other products such as crab soup, tartar sauce and seafood cocktail sauce.
BUSINESS
By Kelly Gilbert and Kelly Gilbert,Evening Sun Staff | November 8, 1991
Robert Shulman, Bolar Pharmaceutical Inc.'s former president, chief executive and board chairman, has pleaded guilty to conspiracy, obstruction of justice and other charges tied to fraud in the company's generic-drug operation.First Assistant U.S. Attorney Gary P. Jordan said in U.S. District Court in Baltimore yesterday that Shulman also has agreed to plead guilty to an unspecified antitrust violation to be filed here soon by the U.S. Department of Justice.Lawrence G. McDade, assistant director of the Justice Department's consumer litigation office, told Judge John R. Hargrove yesterday that Shulman and Jacob H. "Jack" Rivers, Bolar's former executive vice president, masterminded the company's massive fraud to skirt federal procedures in the manufacture and sale of its highly profitable products for six years.
NEWS
By Peter Jensen and Peter Jensen,Staff Writer | March 3, 1992
Maryland transportation officials have announced a temporary freeze on the issuance of Motor Vehicle Administration identification cards while they devise a system to reduce the risk of fraud.The decision yesterday came after an investigation of an 18-year-old Baltimore man who, police allege, obtained a duplicate driver's license in the name of a 37-year-old man he is charged with abducting and killing.About 78,000 people, including many elderly and handicapped who are unable to drive, apply for the photo ID cards each year as an alternative means of identification to a driver's license.
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