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False Claims Act Update & Alert |
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Taxpayers
Against Fraud Education Fund | Washington, D.C. |
WWW.TAF.ORG
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n TAF Home Page n Previous Newsletters n Email editor
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 Glaxo's $400 Million
Reserve
GlaxoSmithKline has reserved $400
million to settle off-label and kick back charges related
to "several products” sold from
1997 to 2004, including the antidepressant Wellbutrin. Glaxo said
the reserve “reflects the current status of the
[DoJ] investigation." >>
To read
more
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 Jail
Pays Kickbacks to JudgesTwo Pennsylvania judges have agreed to plead guilty and serve more than seven years in prison for collecting more than $2.6 million in kickbacks for sending juvenile justice offenders to a private juvenile detention center which including signing a 2004 agreement with the for-profit jail worth $58 million. >> To read more |
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 A
Secret Settlement?Last year, the National Council of Juvenile and Family Court Judges paid $300,000 to settle charges it committed fraud to get grant money from the U.S. Department of Justice. DoJ said the council falsified employee time sheets, billed for "ghost" employees, did not disclose it hired the spouse of a key employee, and fired a worker who questioned the practices. The settlement has been treated as "confidential." Why? No one is saying. >> To read more |
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 Heavying
Up to Fight FraudThe Supplemental Anti-Fraud Enforcement Markets Act has been introduced by Senators Charles Schumer (D-NY) and Richard Shelby (AL). The bill would dedicate an additional $110 million annually for law enforcement agencies to hire hundreds of new investigators and prosecutors for their financial fraud units. >> To read more |
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 Medicare Losing
Billions
Companies
involved in Medicare Part D owed Uncle Sam
an estimated $4.4 billion
for 2006 alone, but that money remains uncollected
because Medicare has been slow to do required audits.
For
2006 Medicare was
required to perform 165 audits, but as of April of 2008,
it had begun only seven.
>>
To read more
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 SEC Can Learn from the FCAWhistleblower Harry Markopolos testified before Congress about the $50 billion Bernie Madoff ponzi scheme fraud which he spent 8 years trying to get the SEC to take action on, to no avail. The problem, according to Markopolos, is that the SEC almost never used its whistleblower bounty program. "If Congress would expand this program to include all forms of securities' violations and make the reward payments mandatory, hundreds of cases would likely walk in the door each year, and many would be high quality cases that would lead to billions in investor recoveries similar to the billions that the False Claims Act already provides." >> To read more |
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