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Tag Archives: fraud

Walgreens agrees to pay $269 million in fraud accord

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Walgreens Boots Alliance Inc. agreed to pay $269.2 million to settle U.S. claims that the drugstore chain defrauded a federally-funded health-care program over insulin drugs and a consumer-discount initiative. The two settlements, announced Tuesday, cover allegations over improper billing. In ...

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No one connected dots in scheme

Mark Nordlicht, co-founder of Platinum Partners, exits federal court in the Brooklyn borough of New York, on Dec. 19, 2016. (Bloomberg photo by Michael Nagle)

In the years before Mark Nordlicht was arrested for what’s alleged to be one of the biggest investment frauds since Bernie Madoff’s, U.S. authorities had plenty of reasons to suspect something might have been fishy about his hedge fund, Platinum ...

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Doctor admits to writing illegal prescriptions

BUFFALO — A western New York doctor has pleaded guilty to improperly prescribing painkillers, some of which he took himself. The U.S. Attorney’s office in Buffalo says Albert Cowie, of Amherst, pleaded guilty to fraud on Thursday. Prosecutors say the ...

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Buffalo developer charged with fraud

BUFFALO — A businessman is accused of trying to cheat the IRS using shell companies and multiple bank and trust accounts. Real estate developer Frank Parlato Jr. was scheduled to be arraigned in federal court in Buffalo Monday on charges ...

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Restitution vacated in Medicaid fraud case

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A former Oneida County drug treatment center director will not have to pay the state $675,984 it claimed was owed in restitution for improperly billing Medicaid by having clients simultaneously enrolled in two programs. The Appellate Division, Fourth Department has ...

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Radiologist admits to fraud

Dr. Thomas F. Stephenson, 72, of Rochester, has pleaded guilty before U.S. District Court Chief Judge Frank P. Geraci Jr. to committing health care fraud. The charge carries a maximum penalty of 10 years in prison and a fine of ...

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Bogus enrollees kept getting ‘Obamacare’

In this file photo, Rosemary Cabelo uses a computer at a public library to access the Affordable Health Care Act website in San Antonio. The Government Accountability Office said announced that its counterfeit characters were re-enrolled by Obamacare, signaling that the website healthcare.gov does not seem to be set up to detect fraud, a GAO spokesperson said in a statement. AP Images

WASHINGTON — Phony applicants that investigators signed up last year under President Barack Obama’s health care law got automatically re-enrolled for 2015. Some were rewarded with even bigger taxpayer subsidies for their insurance premiums, a congressional probe has found. The ...

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Second Circuit – Fraud: Fin. Guar. Ins. Co. v. Putnam Advisory Co.

U.S. Court of Appeals for the Second Circuit – Fraud – Loss Causation – Negligence – Sufficient Allegations   Fin. Guar. Ins. Co. v. Putnam Advisory Co. 14-1673-cv Judges Kearse, Straub and Raggi   Background: The plaintiff argued that the ...

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Second Circuit – Loss Causation: Fin. Guar. Ins. Co. v. Putnam Advisory Co.

U.S. Court of Appeals for the Second Circuit – Fraud – Loss Causation – Negligence – Sufficient Allegations   Fin. Guar. Ins. Co. v. Putnam Advisory Co. 14-1673-cv Judges Kearse, Straub and Raggi   Background: The plaintiff argued that the ...

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