Posts Tagged ‘California’

  • “Real Time Trade Room” Not Real-Time, Doesn’t Trade

    In October of 2017, the Commodities Trading Futures Commission (CFTC) settled a case brought against FTS Financial, Inc. and its proprietors after finding their brazen misrepresentation of a “Real Time Trade Room” in order to fraudulently obtain over $2.5 million in customer funding. FTS Financial, a California-based company specializing in commodities trade advisory, settled the […]

  • Ex-Employee Blows Whistle on California’s Largest Nursing Home Provider

     Following an investigation that arose from a whistleblower suit, the corporate owner of four San Diego-area nursing homes has agreed to pay $6.9 million to resolve multiple fraud allegations. The sister facilities, owned by Los-Angeles based Brius Management Co., purportedly paid illegal kickbacks to cultivate patient referrals and subsequently file numerous false claims to Medicare […]

  • Kickbacks Prove That Sharing Is Not Always Caring

    A $42 million settlement marks the end of a four-year investigation which alleged that PAMC Ltd. And Pacific Alliance Medical Center, Inc. together submitted false claims to both the federal government and the State of California and consequently used the reimbursements to violate the Anti-Kickback Statue and Stark Laws. The settlement will be split between […]

  • California Hospice Defrauds Medicare by Stretching Patient Life Expectancies

    When a program created to provide important end-of-life services is so often the victim of fraud, should we blame the broken system itself, or instead turn focus to those committing the fraudulent acts? It seems an easy question to answer, but describes the ongoing situation of hospice care – a system which regularly undergoes scrutiny […]