On November 22nd, a jury delivered a guilty plea to Dr. Pyaam Toobian and his company, America’s Imaging Center, Inc. The charges against the doctor and company included multiple felony charges related to medical misconduct. The group is accused of participating in a fraudulent kickback scheme. Dr. Toobain has been convicted of third degree grand […]
READ MOREDepartment of Justice Focused on Preventing Healthcare Fraud
In mid-May, the Assistant Attorney General spoke to the American Bar Association about the problem of health care fraud. According to the Department of Justice transcript of the remarks, the focus of the discussion was on the Criminal Division’s efforts to fight against fraudulent claims made by healthcare providers. Healthcare fraud takes many forms, including […]
READ MOREThe Case of Christie Steiner
When Richard developed lung cancer from exposure to asbestos while on the job, neither he or his wife, Christie, thought their case would make it to the Supreme Court. The Steiners filed a lawsuit citing personal injury against the Volkswagen Group of America, Ford Motor Company and others. Volkswagen moved early in the hearings to […]
READ MOREInsurance Fraud Scandal in New York’s Russian Foreign Ministry
For the past six months, New York prosecutors and the FBI have collected evidence concerning health insurance fraud, perpetrated by Russian diplomats. They are now confident that they have enough evidence to mount a solid case. According to Prosecutor Preet Bharara, the diplomats falsified income statements and other information regarding marital status and nationality to […]
READ MOREDr. Meera Sachdeva, Rose Cancer Center Founder, Pleads Guilty In Health Care Fraud Case
Cancer doctor Meera Sachdeva and her former billing clerk are officially guilty of a multi million dollar medical care fraud case in Mississippi. [USDC No. 3:11-CR-65-1 Case: 11-60639] The doctor pleaded “guilty to one count of healthcare fraud and two counts of making false statements.” According to reports, used needles and syringes that were recycled for […]
READ MOREFama, Thaler and the ordinary investor
Today’s WSJ summarizes the debate between Thaler, a leading skeptic of market efficiency, and Fama, the leading defending of the efficient capital markets hypothesis. As the article notes, the debate could have implications for privatizing social security. It quotes Thaler as saying, “[i]f you give people 456 mutual funds to choose from, they’re not going […]
READ MORE
