False Claims Act Update & Alert
Taxpayers Against Fraud Education Fund | Washington, D.C. | WWW.TAF.ORG
August 18, 2008| ![]()
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Wyeth Subpoenaed for Protonix
Wyeth pharmaceuticals has been subpoenaed by the U.S. Attorney's Office in Massachusetts for documents related to the company's marketing and pricing of its acid reflux medication Protonix. Is this a nominal pricing fraud case? >> To read more
Amerigroup Settlement on GMA
ABC-TV's Good Morning America featured a very nice segment on the Amerigroup Medicaid False Claims Act case. >> To view the segment
FASB Wants Companies to
Disclose Legal Liability
The Financial Accounting Standards Board (FASB) wants businesses to disclose how much various lawsuits will cost them. The problem, according to six big pharmaceutical companies facing massive potential liabilities for a host of bad actions (Johnson & Johnson, Novartis, Pfizer, Merck, Eli Lilly, and Wyeth) is that the numbers are impossible to calculate. >> To read more
BCBS of TN to Pay $2.1 Million
BlueCross BlueShield of Tennessee has agreed to pay $2.1 million to settle charges it violated the FCA by manipulating outlier payments for New Jersey hospitals. >> To read more
To Catch a Thief, Pay for Info
In an editorial in The International Herald Tribune, Erika Kelton writes: "If [countries] really want to get serious about tax fraud, they should treat their enforcement efforts as a business and pay for information about tax fraud, evasion and underpayments by corporations and wealthy individuals. The return on such an investment would make it well worth the cost." >> To read more
FBI Raids Three CA Hospitals
The FBI has served warrants on three southern California hospitals as part of an investigation into Medicaid fraud in which homeless patients were rounded up from skid row, and then given a battery of unnecessary medical tests which were then charged to California's Medicaid program. >> To read more