False Claims Act Update & Alert
Taxpayers Against Fraud Education Fund | Washington, D.C. | WWW.TAF.ORG
August 5, 2010. . ![]()
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HP to Pay $50 Million
Hewlett Packard Co. says it has reached a settlement agreement in principle with the U.S. Department of Justice to resolve an investigation into alleged kickbacks paid between HP, Sun Microsystems, and Accenture. HP will pay about $50 million to settle two lawsuits alleging HP submitted false claims to the U.S. government. >> To read more
At Tenet, It's Déjà Vu All Over Again
Tenet may be in deep trouble again. The company, which has repeatedly had the largest False Claims Act cases ever settled, is now under investigation for billing Medicare for heart defibrillator implant surgeries. The case (or cases) appear to be related to DoJ investigations of Medtronic and St Jude Medical for matters surrounding implantable cardiac defibrillators. Tenet said it anticipates that more of its hospitals may receive similar information requests, suggesting a wide-spread pattern of kickbacks. >> To read more
Privatizing the Profit
Joel F. Gemunder, the CEO of Omnicare, is parachuting out of the company with over $130 million in pension payments, severance and other benefits. Gemunder, who has run Omnicare for 29 years, was in charge while Omnicare was engaged in massive frauds against the U.S. Government involving kickbacks and price-gouging. Wall Street analysts privately report that Gemunder has been shoe-horned out and that his sudden and abrupt departure suggests more bad news yet follow. >> To read more
For Profit Colleges Encouraging Fraud
An investigation of 15 for-profit colleges by the U.S. Government Accountability Office found recruiters for all the schools studied misled potential students about the costs, duration and quality of their programs. Though no schools were named, The Washington Post, which owns Kaplan Higher Education, quoted a spokesperson as saying, "We take these issues very seriously. Our admissions staff receives intensive training and very clear guidance, and we conduct our own internal reviews to ensure compliance with the laws and regulations we must follow." >> To read more
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