Advertisements on TV may promise to modify car loans and keep the repo man at bay, but some companies fail to carry through on their promises. To prevent fraud the Better Business Bureau (BBB) recommends that cash-strapped consumers save their money by trying to work out a deal with the lender directly before paying out [...]
Bart S. Posey, owner of a pair of Robertson County businesses accused of selling bogus health insurance policies to more than 12,400 people nationwide, was lining his own pockets with premiums paid by unsuspecting customers, court documents filed this week by state regulators say.
He bought automobiles and real estate, and even made thousands in donations [...]
What some are calling ” Obamacare ” is promising all sorts of changes to the health care system, but some are cashing in on the hype.
Even with reform still about four years away, people are already falling into the trap.
While we’re in the beginning of the ” figuring it out ” stage a new form [...]
The commonwealth’s attorney said a number of people have been scammed by this insurance fraud and it’s suspected there are many more.
It was a couple of years ago when a company called ” Health PMO ” began selling policies, but the prosecutor’s office said when policy holders tried get reimbursed for medical expenses, they ran [...]
Fraudulent plans continue to grow in size and scope. ” There’s no end in sight, ” said James Quiggle, communications director for the Coalition Against Insurance Fraud.
A common scam involves plans that promise full health care coverage but deliver worthless policies or lesser products designed to look like comprehensive coverage, said Quiggle, who has studied [...]
The Idaho Department of Finance has sued Idaho insurance agent Jerry Ward and his business, Med-Life, which operates from various locations in the state, including southwestern and northern Idaho.
The state alleges that beginning in 2006 Ward defrauded investors by offering and selling securities, the proceeds of which he used for his own benefit, according to [...]
2 former executives of the bankrupt health care company Canopy Financial Inc. were charged Monday with swindling investors out of $75 million and illegally pocketing $19 million from accounts that were supposed to pay the medical bills of individuals nationwide.
Canopy’s former president and chief operating officer, Jeremy Blackburn, 36, formerly of Malibu, California, had already [...]
Fraud Report – Schneider Medical Clinic, 68 dead by illegal prescription drugs & defrauding health insurance programs
A new federal indictment implicates a Kansas doctor and his wife in 9 additional patient deaths, bringing to 68 the number of fatal overdoses the government contends are linked to illegal prescription writing and a moneymaking conspiracy at their [...]
If an insurance company sold you a homeowner’s policy knowing that, if disaster was to strike, it probably couldn’t pay your claim, you would call that ” consumer fraud ” – plain and simple. If private insurance companies were to instigate such a scam, the insurance commissioner would be the first to step in and [...]
Prosecutors Go After Medicare Fraud
Experts say a different type of identity theft is on the rise – one that could compromise both the victim’s credit and physical safety. Patients using someone else’s name, Social Security number or insurance card to get health care could risk their victim’s health if inaccurate information, such as blood type [...]
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