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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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NEWS
By MICHAEL OLESKER | June 18, 2004
FIFTY-FIVE minutes into his opening statement in the Nathan Chapman fraud case, federal prosecutor Jefferson Gray's voice rose from its dreary monotone, thus nearly awakening several courtroom spectators from apparent narcoleptic stupor. But the moment passed, all remained slumberous, and Gray droned on a little longer. He used language that only occasionally bisected colloquial English. He had stirring phrases such as "adherence to provisions of documents." He said "fiduciary" a lot. A couple of jurors seemed to hang on for dear life, awaiting the arrival of a turn of phrase that sounded like the mother tongue.
BUSINESS
By Lorene Yue and Lorene Yue,Your Money | February 13, 2005
Lots of buyers and sellers have discovered the fun and profit of dealing with Internet auction sites. Unfortunately, so have plenty of crooks. Fraud represented 61 percent of the more than 635,000 consumer complaints received by the Federal Trade Commission last year. Fraud related to any type of Internet activity dominated, while problems specifically tied to Internet auctions (nondelivery, lower value than promised, delays) ranked highest among complaints. Experts recommend a thorough reference check before doing business with an unknown seller, avoiding wire transfer services for making payment and being leery of escrow services suggested by the seller.
BUSINESS
By BLOOMBERG NEWS | January 26, 2005
BIRMINGHAM, Ala. - HealthSouth Corp. founder and fired chief executive Richard M. Scrushy was a "cunning" and "hands-on leader" who directed a $2.7 billion accounting fraud and enriched himself as he fooled investors, a prosecutor told jurors yesterday at the start of Scrushy's fraud trial. "You're going to hear evidence that Richard Scrushy knew about the conspiracy, that he participated in the conspiracy and that he profited from the conspiracy," U.S. Attorney Alice H. Martin told jurors in her opening statement.
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 BLOOMBERG NEWS | August 23, 2001
DAKOTA DUNES, S.D. - IBP Inc., the No. 1 U.S. beef producer, said yesterday that it's suing Andrew J. Zahn, former head of its DFG Foods unit, alleging embezzlement and inflation of financial statements by more than $50 million. The lawsuit, filed in U.S. District Court in Chicago, accuses Zahn and other former DFG executives of manipulating accounting records to conceal fraud, IBP said. The complaint is part of the fallout from an ill-fated agreement IBP made with Tyson Foods Inc. in January to be acquired for more than $4 billion by the largest poultry processor.
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 Bill Atkinson and Bill Atkinson,SUN STAFF | April 27, 1996
RICHMOND -- Crestar Financial Corp. Chairman Richard G. Tilghman told shareholders yesterday that the huge fraud that has rocked a competing bank could not have happened at the company he runs.Mr. Tilghman said Crestar -- with assets of $18 billion -- has checks and balances that would have detected the fraud that has cost its neighbor, Signet Banking Corp., $81 million.Upon learning about the fraud, Mr. Tilghman said, "My first question to our chief credit officer was: 'What can you tell me to assure me that this would not happen to this institution?
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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