False Claims Act Update & Alert

 
 

Taxpayers Against Fraud Education Fund | Washington, D.C. | WWW.TAF.ORG          
July 26, 2010

 
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Teva Pharmaceuticals Pays $169 Million
Teva Pharmaceuticals has agreed to pay $169 million to the Federal government, Texas, Florida and California in order to settle a False Claims Act case filed by Ven-a-Care of the Florida Keys charging the company with violating Medicaid best-price rules.

    

Whistleblower Incentives Key
to Financial Reform
The new financial reform bill signed into law by President Obama, provides for a whistleblower  awards of 10 to 30 percent of what the government recoups in fines and settlements in financial fraud cases, provided the whistleblower comes forward with original information to the SEC.  >> To read more
 

Sodexo School Lunch Fraud

Sodexo has agreed to pay $20 million to settle a False Claims Act case involving pocketed food service rebates involving 21 New York school districts and the State University of New York system. NY Attorney General Andrew Cuomo is investigating the rebating practices of other corporate food service providers.  >> To read more

A Missing
$8.7 Billion in Iraq
The
U.S. Special Investigator for Iraq Reconstruction says it cannot account for $8.7 billion.  One reason is that most of the Defense Department organizations that received DFI money failed to set up Treasury Department accounts as required, which means there was little solid accounting. >> To read more

 

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