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Six-year Qui Tam lawsuit has come to a close

Posted on December 21st, 2011 No Comments

A qui tam lawsuit which was filed six years ago against IASIS Healthcare has finally come to a close.

In 2005, a former employee of IASIS Healthcare filed a qui tam lawsuit against the company. His claim was dismissed due to an actual claim not being present in the lawsuit against the healthcare company. He appealed the ruling and was given another chance to prove wrongdoing in the company, yet failed again.

The former employee agreed to withdraw his petition on November 30,2011 for a second appeal in the case, thus ending a six-year qui tam lawsuit. IASIS Healthcare was awarded all the sanctions they asked for in the case, excluding monetary sanctions due to the man’s inability to pay.

If you need assistance in regards to a qui tam lawsuit, please contact the Qui Tam lawyers of Tycko & Zavareei LLP by calling 202-973-0900 today.

Medicare fraud cases increase in 2011

Posted on December 16th, 2011 No Comments

The fiscal year 2011 brought with it an increased number of health care fraud cases that federal prosecutors brought to court.

This year in the United States there were 1,235 cases of health care fraud. Miami, Florida was the first in the nation for the number of Medicare fraud cases, followed by Houston, Texas. Those two cities combined accounted for one out of every five cases of health care fraud.

Government officials believe that health care fraud costs the government $70 billion annually.

If you have information regarding health care fraud and are interested in filing a Qui Tam lawsuit, please contact the health care fraud lawyers of Tycko & Zavareei, LLP by calling 202-973-0900 today.

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Qui Tam lawsuit results in $20 million settlement

Posted on December 7th, 2011 No Comments

Genentech, the manufacturer behind the drug, Rituxan, has agreed to pay $20 million to settle a whistleblower lawsuit brought against the company.

According to documents, Genentech aggressively promoted Rituxan for off-label uses and taught their sales representatives how not to get caught by the FDA. This lawsuit is filed under Medicare fraud.

As part of the settlement, Genentech will not claim guilt in the case. The person who turned the company in, the whistleblower, will receive $5.7 million of the $20 million being paid to the government.

If you need assistance in regards to a Qui Tam lawsuit, please contact the Qui Tam lawyers of Tycko & Zavareei LLP by calling 202-973-0900 today.

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Man takes responsibility in NYC securities fraud case

Posted on December 2nd, 2011 No Comments

Film producer, John Bennett has chosen to plead guilty to securities fraud. He delivered his plea to a federal court in New York City.

The securities fraud scheme in question pertains to the illegal trading of pharmaceutical stock. The 46-year-old producer and his friend earned over $1 million by operating this scheme. They were aiming to pocket more than $2.6 million by the end of the securities fraud scheme.

Having collected the money illegally, Bennett could face up to 45 years in prison if he is convicted on the charges of securities fraud and conspiracy. The sentencing is scheduled for April 23.

If you have information regarding securities fraud, please contact the securities fraud lawyers of Tycko & Zavareei, LLP by calling 202-973-0900 today.

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Man faces securities fraud charges in two-year scheme

Posted on November 21st, 2011 No Comments

A Florida man has been charged with securities fraud and wire fraud after being caught running an $11 million two-year scheme.

The man ran a fund company and was offering nonexistent shares into companies. The companies he was publicizing included Facebook Inc. and Groupon Inc. The shares that investors paid never guaranteed them stake in those companies, instead it funded the man’s personal account.

The $11 million that was collected from this scam over two years was used to purchase luxury items including automobiles and jewelry.

A civil complaint was reported by the U.S. Securities and Exchange Commission against the man. He faces up to 20 years in prison for each charge against him and an additional five years if convicted of conspiracy.

If you have information regarding securities fraud, please contact the securities fraud lawyers of Tycko & Zavareei, LLP by calling 202-973-0900 today.

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Healthcare fraud case results in plea bargain

Posted on November 14th, 2011 No Comments

A Colorado man has pleaded guilty to charges including healthcare fraud and money laundering. The prosecutors in the case released seven other charges in exchange for the plea. The man could receive a 20 year jail sentence for the fraud charge and an additional 10 year sentence for the money laundering.

The healthcare fraud scheme involved overcharging individuals for home care. The man, a health care provider, would create counterfeit documents with doctors’ instructions in order to swindle money out of patients. The total amount of money that he received for his illegal activities was $3.4 million.

The man is currently cooperating with authorities and will receive his sentence in March.

If you have information regarding healthcare fraud and are interested in filing a Qui Tam lawsuit, please contact the healthcare fraud attorneys of Tycko & Zavareei, LLP, by calling 202-973-0900 today.

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Sisters accused of Medicare fraud, each sentenced to 14 years

Posted on November 7th, 2011 No Comments

Two sisters have been accused and convicted of Medicare fraud and were each sentenced to 14 years in prison. The sisters, ages 54 and 57, set up a scam centered around AIDS therapy.

They began their fraud in Miami, Florida but when they found out investigations were under way regarding their area of practice, they took their expertise to Detroit, Michigan. The two set up a clinic claiming to help patients who had HIV receive infusion therapy for the disease.

What they really did was scam Medicare out of nearly $6 million. The two fled the country and were arrested in Venezuela earlier this year. Out of the $6 million, the sisters personally collected $3.8 million from the scam. A judge sentenced each of them to 14 years in prison and has ordered them to repay what they stole from Medicare.

If you have information regarding Medicare fraud, please contact the healthcare fraud attorneys of Tycko & Zavareei, LLP by calling 202-973-0900 today.

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10-year sentence given to man in mortgage fraud case

Posted on October 31st, 2011 No Comments

A Minnesota man has been convicted of mortgage fraud and was sentenced to 10 years in jail. The mortgage fraud that he was behind caused multiple lenders to lose a total of $7.6 million.

According to court reports, this is one of the largest fraud cases that the state of Minnesota has ever dealt with. The man helped arrange fraudulent loans and planned illegal dealings involving real estate. He would sell units at inflated prices and then personally benefit from the excess money.

The trial lasted three weeks and a jury was present. The defendant was convicted of mortgage fraud, bank fraud, 10 counts of wire fraud as well as one count of money laundering.

If you have information regarding mortgage fraud, please contact the Qui Tam lawyers of Tycko & Zavareei, LLP by calling 202-973-0900 today.

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Defendant in tax fraud case pleads guilty

Posted on October 24th, 2011 No Comments

A 47-year-old former tax examiner for the District of Columbia entered a guilty plea to the U.S. District Court last Thursday. The guilty plea is in regards to a scam resulting in $400,000 of fake refunds.

In her position, the defendant distributed fraudulent tax returns that ended up in personal bank accounts along with others. These fake payments were documented to have occurred more than 48 times in the span of four years. The defendant had worked in taxes for the last ten years.

The defendant gained admittance to multiple accounts where she could give out refunds without the the taxpayer knowing, if the amount was less than $10,000. The defendant has plead guilty and as part of the deal is required to pay $410,000 to the District of Columbia for reimbursement.

If you have information regarding tax fraud, please contact the tax fraud lawyers of Tycko & Zavareei, LLP by calling 202-973-0900 today.

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Qui Tam lawsuit settled for $7.5 million

Posted on October 19th, 2011 No Comments

In Columbus, Ohio a qui tam lawsuit was filed against Select Medical Holdings. Select was responsible for paying the United States government $7.5 million.

The lawsuit is related to a 2009 subpoena that Select was given in connection with Columbus physicians. The company’s pre-tax charge was $7.5 million which was documented in the second quarter of 2011 to indicate reserve funds.

The company is headquartered in Mechanicsburg, Pennsylvania and it’s main function is to supply healthcare including physical and medical rehabilitation.

Select has also agreed to sign a 5-year “corporate integrity” agreement and pay some additional legal fees.

If you need assistance with a qui tam lawsuit, please contact the whistleblower lawyers of Tycko & Zavareei, LLP by calling 202-973-0900 today.

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