CHICAGO, Feb 25 (Reuters) – A former municipal banker at
Bear, Stearns & Co, pleaded guilty on Wednesday to fraud
involving hospital financing that is part of a wide-ranging
probe of government corruption in Illinois.
P. Nicholas Hurtgen, who had been set to go on trial in
U.S. District Court next month, pleaded guilty to one count of
aiding and abetting a scheme to defraud Illinois’ health
facilities planning board, which was weighing a proposal Read the rest of this entry »

charged Robert Allen Stanford and three of his companies in an alleged fraudulent investment scheme.
Ltd., based in Antigua. The bank is the majority owner of Health Systems Solutions Inc. (OTC BB: HSSO), a health care technology company with Tampa roots. The bank owned 83 percent of Health Systems’ common stock as of Jan. 20, according to a filing with the SEC.
The SEC’s complaint, filed in federal court in Dallas, alleges that Stanford Read the rest of this entry »

(NaturalNews) The FDA has approved 18 products for market from generic drug manufacturer Ranbaxy Laboratories, even though the company is currently being investigated by Congress for making substandard products and conspiring to fraudulently cover it up.
“Allegations from reliable sources and supporting documents indicate a pattern of systemic fraudulent conduct, including submissions by Ranbaxy to the FDA that contain false and fabricated information,” Read the rest of this entry »

February 20, 2009 06:02 pm
A Lindsey man pleaded guilty to embezzling drugs from an Ada pharmacy Friday.
United States Attorney Sheldon J. Sperling said Hugh Edward Work, 32, pleaded guilty to theft or embezzlement in connection with health care and embezzlement or theft from an Indian tribal organization.
Work was employed at a pharmacy owned by the Chickasaw Nation when the crime occurred.
“The indictment alleged that from September Read the rest of this entry »

COSTA MESA, Calif.—A woman who helped recruit patients to undergo unnecessary surgeries as part of a $154 million medical insurance fraud has pleaded guilty to 22 charges.
Sue Nanda, 40, of Costa Mesa, entered her plea Friday in Orange County Superior Court. She is scheduled to be sentenced April 24 where she faces up to 20 years in prison.
Prosecutors said Nanda worked for the now-shuttered Unity Outpatient Surgery Center in Buena Park, Read the rest of this entry »

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LOS ANGELES—The former co-owner of a hospital was arrested Friday on charges stemming from a scheme to recruit homeless people for unnecessary medical treatment to collect millions of dollars from government health programs.
Robert Bourseau, the 74-year-old former chairman of City of Angels Medical Center, was arrested at his downtown home without incident, said Assistant U.S. Attorney Vince Farhat.
A federal grand jury on Thursday indicted Read the rest of this entry »

By RYAN J. FOLEY –
MADISON, Wis. (AP) — A dozen defendants who allegedly swindled the military’s health care program out of hundreds of thousands of dollars in the Philippines won’t face justice or pay any restitution after authorities failed to arrest them.
The U.S. Attorney’s Office in Madison, Wis., has dismissed indictments against the suspects — Philippine doctors, spouses of military retirees and one Navy veteran — Read the rest of this entry »

Two hospital executives have been indicted for allegedly paying homeless people for unnecessary medical treatment as part of an ongoing investigation into a scheme to bilk government health programs out of millions of dollars.
Robert Bourseau, 74, who was chairman of City of Angels Medical Center, was arrested at his Los Angeles home Friday by federal investigators. Dante Nicholson, the hospital’s former senior vice president, is scheduled to appear Read the rest of this entry »

Two hospital executives have been indicted for allegedly paying homeless people for unnecessary medical treatment as part of an ongoing investigation into a scheme to bilk government health programs out of millions of dollars.
Robert Bourseau, 74, who was chairman of City of Angels Medical Center, was arrested at his Los Angeles home Friday by federal investigators. Dante Nicholson, the hospital’s former senior vice president, is scheduled to appear Read the rest of this entry »