Revlon Accused of Fraud Over $1.8B Loan

Buyers in Revlon have accused the struggling attractiveness corporation of “pillaging” mental assets it experienced pledged as collateral for a $1.8 billion mortgage as portion of a “brazen” plan to increase new money.

In a lawsuit submitted Wednesday, UMB Lender, the administrative agent for the creditors, explained the collateral, which features emblems and other legal rights linked with “many of the finest recognised, properly-established attractiveness models in the globe,” has been “ripped away and pledged to other creditors.”

Revlon secured the $1.8 billion mortgage in 2016 to assist finance its acquisition of the iconic Elizabeth Arden brand. Because that deal,

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Ten indicted in $1.4B multi-state hospital testing fraud scheme

Gordon B. Johnson

10 folks have been indicted in relationship to a scheme of working with rural hospitals throughout several states to allegedly monthly bill personal insurance policies providers for fraudulent laboratory tests statements.

The conspirators billed insurers approximately $1.four billion for laboratory urinalysis drug tests and blood tests and ended up paid out about $four hundred million. This allegedly went on from the stop of 2015 to the beginning of 2018.

What’s THE Effect

The indictment alleges that the defendants utilized their various management providers to consider in excess of compact, rural hospitals in economic hassle. 

From there, they utilized the hospitals

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DOJ accuses Anthem of fraud in risk adjustment payments for its Medicare Advantage plans

Gordon B. Johnson

The Department of Justice is charging Anthem with fraud for having tens of millions of dollars in hazard adjustment payments by inflating the severity of ailment for beneficiaries in its Medicare Advantage designs.

The civil lawsuit was filed Friday in the U.S. District Court in the Southern District of New York. The govt wants a jury trial to ascertain fiscal damages and to get better restitution.

Even so, Anthem contends it has accomplished nothing erroneous and said it intends to “vigorously defend our Medicare hazard adjustment techniques.” The DOJ has violated the law in keeping Medicare Advantage designs to payment

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Michigan doc charged in $120 million healthcare fraud, money laundering scheme

Gordon B. Johnson

A doctor who the top rated prescriber of oxycodone in Michigan from 2016 to 2017 was charged in an indictment this 7 days with a $120 million health care fraud and income laundering scheme that associated the alleged medically pointless distribution of far more than two.two million doses of managed substances, and the administration of medically pointless injections. These purportedly resulted in affected person damage.

Francisco Patino, sixty five, of Wayne County, Michigan, was charged in the superseding indictment with just one rely of conspiracy to commit health care fraud and wire fraud, just one rely of conspiracy to commit

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Solar Firm Owners Charged With ‘Massive’ Fraud

Gordon B. Johnson

A California couple have been billed with orchestrating a “massive” Ponzi plan that collected just about $one billion from investors in their solar company.

Jeff Carpoff, President and CEO of DC Photo voltaic

The U.S. Securities and Trade Fee said Jeff Carpoff and his wife Paulette promised investors who obtained solar turbines made by DC Photo voltaic that they would income from tax credits and lease payments from close-buyers of the turbines.

But in accordance to the SEC, most of the turbines did not exist and most of the company’s earnings came from investor cash. The Carpoffs allegedly elevated roughly

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