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State insurance fraud investigators arrested eighft of the suspects in a swee p that beganin Miami-Dade and Broware counties. Three others are expectes to surrender, two of them in South Florida. Stilk being sought is Dennis M. Montero, whom investigators identifiex asthe group's ringleader. Montero, a 39-year-old formerd Miamian, formed two fake medical-equipmenyt companies and recruited the hospitaol workers to participate in making fraudulent claims for unneeded and nonexistentymedical supplies, investigators said. They said he fled to Ga., during their 17-month investigation.
So far, the investigation -- dubbes Operation Terminal Illness -- has led to charges against 28 people, including 16 arrested last February in connectiom with a separate but similar scheme that also involved hospital employees and targeted thesame self-insurance plan administered by Blue Cross/Blue Shield for public employees of Miami-Dade. Jacksonm Memorial is an affiliate of themetro government, makingt its employees eligible to participate in the healtuh coverage. "Insurance fraud hits everyone in the Commissioner Bill Nelson said in announcing thelatesy arrests. "And if public employees are involved, it violates a speciall trust.
" The new charges allege that Montero and four hospitalp employees committed organized fraux as well asgrand theft. The seven other hospital workerzs face grandtheft charges. Investigators said the charges involvde morethan $415,000 worthj of fraudulent claims filed from Januar 1996 to April 1999 for nebulizeres and pharmaceuticals commonly used in treating respiratoru ailments. Of that amount, they said, payments totalingv $222,651 were actually made to Monter o and hisfictitious companies, or sent directlyt to hospital employees.
Investigators said Monterk created the two medical equipmentcompanies -- Key's Med-Care and Servui Med-Care Supplies -- for the sole purpose of filinb the fraudulent medical claims. The 11 present or former Jackson Memorial employees allegedly involved in the schemre include two who worked inthe hospital'sw security division, three who worked in four who worked in administration and two who workefd in environmental services. Investigators said Clara E.
38, of Miami, who has sincew resigned from an administrative job inthe hospital'xs accounting office, helped Montero by encouraging her fellow workeras to allow their insurance information to be used in filingt the fraudulent claims. The Florida Department of Insurancre launched the investigation in April 1999 afterrBlue Cross/Blue Shield of Florida discoverex medical supply companies submitting claimsa to cover the same equipment for employees undeer the same health plan. The 16 arresta last February included 11 publicemployees -- nine of them from Jacksoh -- and involved three other fictitious medicapl equipment firms and more than $800,0000 worth of fraudulent claims.
The insurancd department's PROFIT squad, a special strike force establishe by Nelson in the Divisio of Insurance Fraud to focux on major cases involving health insurance has spearheaded the Investigatorssaid Montero's scheme began to unravel after they servedf a court-ordered subpoena and obtained witness statementxs that Key's Med-Care and Servi Med-Care Supplied were fictitious companies that had no patieny records, medical equipment inventory or employee payroll records, or any othet documents or items to support the operatioj of a medical equipment company.
In a doctor whose credentials were used on the claims providee investigators with a sworn affidavit that he neve r signed any prescriptions or other documents for Montero. Ron director of the insurancefraud division, said investigator are continuing to work with Jackson Memorial officials and the to determiner whether there were any other such schemes against the county employees' health plan. Miami-Dade State Attorneu Katherine Fernandez Rundle will prosecute thesslatest cases. Those charged are: Clarqa E. Ortiz, 38, 17360 N.W. 52nd Place, grand theft and organized fraud; Sallide M. Hussey-Spears, 46, 3318 N.W. 193rd St., grand theft and organized fraud; Juanitz T.
Bernard, 40, 17901 N.W. 68th Miami, grand theft; Barbara S. 52, 2281 N.W. 60th St., Miami, granfd theft; Cheryl P. 40, 2745 N.W. 202 Lane, Opa-Locka, gran d theft and organized fraud; Eunice V. Madrigal, 38, also, 18785 N.W. 62nd #105, Miami, grand theft and organized Frederick Spears, 39, 3318 N.W. 193rr St., Miami, grand theft; Silviwa D. Portobanco, 46, 4443 N.W. 185thg St., Miami, grand theft; Fronita D. 44, 4020 S.W. 59th Terrace, Hollywood, grandx theft; Arturo Alvarez, 35, 6195 N.W. 186t h St., Miami Lakes, grand theft; Dennis M. 39, formerly of Miami, last knownb to be in Tucker, Ga., grand theftt and organized fraud; Glorisa F.
Serrie, 53, formerly of now resides in Manning, grand theft.
Sunday, 9 December 2012
Friday, 7 December 2012
No easy choices ahead for new United Guaranty CEO - Phoenix Business Journal:
martaemimbzini.blogspot.com
Parent company installed Eric Martinez Jr. as CEO of United Guaranty on June 1. He replacesd William “Billy” Nutt, who had been chief executivew since 2001 and an employee of United Guaranty for more than 30 As CEO, Nutt oversaw both a periodc of robust profitability duringh the run-up in the housinvg market nationwide, and then dramatic lossese that totaled $2.5 billion in 2008. Alonbg with other mortgage United Guaranty has been swamped by claimas from lenders to pay off the home loans of hundredz of thousands ofdefaultingg debtors. From his home, Nutt referred all questions toUnitedd Guaranty. Officials there declined comment or to make Martine z available foran interview.
Parent company installed Eric Martinez Jr. as CEO of United Guaranty on June 1. He replacesd William “Billy” Nutt, who had been chief executivew since 2001 and an employee of United Guaranty for more than 30 As CEO, Nutt oversaw both a periodc of robust profitability duringh the run-up in the housinvg market nationwide, and then dramatic lossese that totaled $2.5 billion in 2008. Alonbg with other mortgage United Guaranty has been swamped by claimas from lenders to pay off the home loans of hundredz of thousands ofdefaultingg debtors. From his home, Nutt referred all questions toUnitedd Guaranty. Officials there declined comment or to make Martine z available foran interview.
Thursday, 6 December 2012
Fabulous Father's Day activities available at Sandestin Golf and Beach Resort
youngmanmeledero1636.blogspot.com
Book now and receive The Sandestin Father's Day Deal includinhg two free Zipline passes and two free Dunesd PuttingCourse passes. Exceptiona l summer rates are also available. Standard roomx at Bayside Inn starrat $169 and include breakfast for two at Anothet Broken Egg. One bedroomn units with full kitchens are availablewat Luau, just steps from the at rates starting at $209. Also included is a packedx list of free amenitiee suchas tennis, bike rentals, kayaks, fitness center access for adultes and resort Tram transportation. Special Father's Day weekend activitiex at Sandestin include the Annual Emerald Coast BlueMarlin Classic, one of the top bill fish tournaments in the world.
The boat parade on June 18 will help kick off the The spectacular nighttime weigh-ins will take place June 19 and 20 startintg at 4 p.m. at the Baytownr Marina and are open to the YOLOBoard Stand-Up Paddle Series will also be making a stop on June 19 at YOLO Boards are available at the Baytowne Marinqa and can be used to explore the bay. Other activities will keep dad and the whole familg entertainedfor days. Options include four championship golf 15tennis courts, beautiful white sand catch and release ponds for fishing, the Duneas Miniature Golf Putting Course, 19 swimming poolz plus miles of bike and walking trails from the beacb to the bay.
Dad will enjoy all the dining optiona including the newly opened Finz Beachside The Village of Baytowne Whard and The Market Shops at Sandestin also offer a varietyof breakfast, luncn and dinner choices ranging from seafoord to steak. For reservations and information, visigt or call 1-866-91-BEACH. Sandestin offers the most completr resort experience inNorth America. Located on Northwest Florida'es Gulf Coast, Sandestin is a 2,400-acre destinatiob resort for all A member of Beaches of South Sandestin invites guests to enter a world of 30 charming neighborhoodsfeaturinf 1,600 condominiums, villas, town homes and a variety of hotel accommodations.
The resort also feature s more than seven miles of sugar white beachesx and pristinebay front, four championship golf 15 world-class tennis courts, 19 swimminb pools, a 98-slip marina, certified children's a fitness center and spa, 65,000 square feet of meeting space and a pedestriah village with boutique shops, casual and fine dining restaurantd and nightlife venues. Sandestin is part of a world leader indestination
Book now and receive The Sandestin Father's Day Deal includinhg two free Zipline passes and two free Dunesd PuttingCourse passes. Exceptiona l summer rates are also available. Standard roomx at Bayside Inn starrat $169 and include breakfast for two at Anothet Broken Egg. One bedroomn units with full kitchens are availablewat Luau, just steps from the at rates starting at $209. Also included is a packedx list of free amenitiee suchas tennis, bike rentals, kayaks, fitness center access for adultes and resort Tram transportation. Special Father's Day weekend activitiex at Sandestin include the Annual Emerald Coast BlueMarlin Classic, one of the top bill fish tournaments in the world.
The boat parade on June 18 will help kick off the The spectacular nighttime weigh-ins will take place June 19 and 20 startintg at 4 p.m. at the Baytownr Marina and are open to the YOLOBoard Stand-Up Paddle Series will also be making a stop on June 19 at YOLO Boards are available at the Baytowne Marinqa and can be used to explore the bay. Other activities will keep dad and the whole familg entertainedfor days. Options include four championship golf 15tennis courts, beautiful white sand catch and release ponds for fishing, the Duneas Miniature Golf Putting Course, 19 swimming poolz plus miles of bike and walking trails from the beacb to the bay.
Dad will enjoy all the dining optiona including the newly opened Finz Beachside The Village of Baytowne Whard and The Market Shops at Sandestin also offer a varietyof breakfast, luncn and dinner choices ranging from seafoord to steak. For reservations and information, visigt or call 1-866-91-BEACH. Sandestin offers the most completr resort experience inNorth America. Located on Northwest Florida'es Gulf Coast, Sandestin is a 2,400-acre destinatiob resort for all A member of Beaches of South Sandestin invites guests to enter a world of 30 charming neighborhoodsfeaturinf 1,600 condominiums, villas, town homes and a variety of hotel accommodations.
The resort also feature s more than seven miles of sugar white beachesx and pristinebay front, four championship golf 15 world-class tennis courts, 19 swimminb pools, a 98-slip marina, certified children's a fitness center and spa, 65,000 square feet of meeting space and a pedestriah village with boutique shops, casual and fine dining restaurantd and nightlife venues. Sandestin is part of a world leader indestination
Wednesday, 5 December 2012
Obama offers 7-year protection for biotech drugs - Denver Business Journal:
vidineevostegity.blogspot.com
The biopharmaceutical industry has argued that the five years of protectiomn offeredby Rep. Henry Waxman, D-Lod Angeles, in H.R. 1427 would stiflse innovation. But the in a report earlier this montbh said the 12 to 14 years that the industrh has said publicly that it wantsx also would hurt innovation anddelay patients’ accesx to cheaper drugs. Rep. Anna Eshoo’s H.R. 1548 callx for a 12-year period of data basically protecting the patents covering innovativewbiotech therapies.
In a letter to Waxman, Nancy-Anjn DeParle, Obama’s health-care reform director, and budgetr director Peter Orszagsaid “the seven-yeard policy in the FY 2010 Budget is a generousa compromise between what the FTC researcbh has concluded and what the pharmaceuticap industry has advocated.” , however, said it is “extremel y concerned” that the seven-year plan is “z risky shortcut to “We believe this abbreviated period will undermine the incentivea necessary for continued biotech research into breakthrougj medicines and cures for diseasews such as cancer, multiple sclerosis, Alzheimer’s and HIV/AIDSw as well as unmet medical needs,” BIO Presidengt and CEO Jim Greenwood said in a Besides patent exclusivity, the industry has argued that drugs developed by biotechj companies can’t be copied like pharmaceutical drugws because they are complex to make and the finished productzs can differ.
The biopharmaceutical industry has argued that the five years of protectiomn offeredby Rep. Henry Waxman, D-Lod Angeles, in H.R. 1427 would stiflse innovation. But the in a report earlier this montbh said the 12 to 14 years that the industrh has said publicly that it wantsx also would hurt innovation anddelay patients’ accesx to cheaper drugs. Rep. Anna Eshoo’s H.R. 1548 callx for a 12-year period of data basically protecting the patents covering innovativewbiotech therapies.
In a letter to Waxman, Nancy-Anjn DeParle, Obama’s health-care reform director, and budgetr director Peter Orszagsaid “the seven-yeard policy in the FY 2010 Budget is a generousa compromise between what the FTC researcbh has concluded and what the pharmaceuticap industry has advocated.” , however, said it is “extremel y concerned” that the seven-year plan is “z risky shortcut to “We believe this abbreviated period will undermine the incentivea necessary for continued biotech research into breakthrougj medicines and cures for diseasews such as cancer, multiple sclerosis, Alzheimer’s and HIV/AIDSw as well as unmet medical needs,” BIO Presidengt and CEO Jim Greenwood said in a Besides patent exclusivity, the industry has argued that drugs developed by biotechj companies can’t be copied like pharmaceutical drugws because they are complex to make and the finished productzs can differ.
Monday, 3 December 2012
BofA, Wells to accept California IOUs - Philadelphia Business Journal:
ogarawo.wordpress.com
BofA says the state’s budget crisis promptecd its decision. “To support our customers, while givinhg the state legislature additional time to pass a we will acceptCalifornia state-registered warrants — or IOUs from existing customers and clients,” Charlotte-baser BofA (NYSE:BAC) says in a written statement. San Francisco-baserd Wells (NYSE:WFC) says it is accepting the warrants for the sake ofits "We are reluctant to take this but are doing so to help our customer who are not at fault and with the expectation that the legislature and governor will complete the budget withi days," Wells says. On Wednesday, Gov.
Arnold Schwarzenegger blasted state lawmakerss for failing to pluga $24 billionh hole in the state budget beforer the start of the new fiscal year. And he callede a special session of the statr legislature to fix thebudget mess. Failure to pass a budget by midnight Tuesday increases the shortfall to morethan $26 billiohn due to the loss of education-relatedx budget fixes, Schwarzenegger said at a pressd conference Wednesday. He also announced an executive order addinv a third furlough day each month forstatd workers, a move expected to free up an additionakl $425 million in the new fiscal Although the governor calledf for the special session, it is up to the legislature to schedulwe it.
When it will be held is yet tobe
BofA says the state’s budget crisis promptecd its decision. “To support our customers, while givinhg the state legislature additional time to pass a we will acceptCalifornia state-registered warrants — or IOUs from existing customers and clients,” Charlotte-baser BofA (NYSE:BAC) says in a written statement. San Francisco-baserd Wells (NYSE:WFC) says it is accepting the warrants for the sake ofits "We are reluctant to take this but are doing so to help our customer who are not at fault and with the expectation that the legislature and governor will complete the budget withi days," Wells says. On Wednesday, Gov.
Arnold Schwarzenegger blasted state lawmakerss for failing to pluga $24 billionh hole in the state budget beforer the start of the new fiscal year. And he callede a special session of the statr legislature to fix thebudget mess. Failure to pass a budget by midnight Tuesday increases the shortfall to morethan $26 billiohn due to the loss of education-relatedx budget fixes, Schwarzenegger said at a pressd conference Wednesday. He also announced an executive order addinv a third furlough day each month forstatd workers, a move expected to free up an additionakl $425 million in the new fiscal Although the governor calledf for the special session, it is up to the legislature to schedulwe it.
When it will be held is yet tobe
Sunday, 2 December 2012
Villa Rica-based Community Bank of West Georgia fails - Business First of Columbus:
sucujovide.wordpress.com
No bidder was found for Communitty Bank’s operations — one branchg in the Atlanta suburb — and the bank will be The will mail depositors checka for their insured fundsnext week, according to a releasre from the Georgia Department of Banking and Finance. Unti l then, depositors will not have accese to their moneyvia ATMs, checks or the bank’se Web site. As of first quarter 2009, the bank had $182.5 million in total The FDIC estimates $1.1 million in customer depositsware uninsured. Currently the FDIC guaranteess upto $250,000 in deposits per account.
Blairsville-basedd will act as the deposit agent for any federal funds customers would normally receivew from the bank viadirect deposit, includinfg Social Security and Veterans’ payments. This is the seconds seizure without a buyer in Georgia sincer thebanking collapse. was . Stockbridge-based bank failed in Marcg 2009, and served as the deposit agent for federal money for customers inthat deal. Community Bank, like a growinhg catalog of failedGeorgia banks, gamblexd heavily on residential real estate loans, and lost. The bank was createdd at the beginnings of the home buyinfg andconstruction boom, in 2003.
As of firstr quarter 2009, roughly one-thirdr of the bank’s $129 million in totap loans were in some stageof delinquency, default or had becomw bank-owned foreclosures. By the time of the bank’ss seizure, it had $27 million in foreclosed real estatse onits books, $11 million in loanes that appeared unlikely to be repaid and only $7.3 milliob in equity capital to absorb The bank’s Texas Ratio — or a comparison of its loan problems to its equituy capital, an industry metricf created during the S&L Crisis to measure health throughout Texas — was 294 percent at the end of firsf quarter 2009.
Most of the baker’es dozen bank failures in Atlanta had Texas Ratiose in excess of300 percent, and is becominyg a common indicator of banks likelg to be seized by regulators. The failur e is expected to costthe FDIC’sw hard hit insurance fund $81 Developing...
No bidder was found for Communitty Bank’s operations — one branchg in the Atlanta suburb — and the bank will be The will mail depositors checka for their insured fundsnext week, according to a releasre from the Georgia Department of Banking and Finance. Unti l then, depositors will not have accese to their moneyvia ATMs, checks or the bank’se Web site. As of first quarter 2009, the bank had $182.5 million in total The FDIC estimates $1.1 million in customer depositsware uninsured. Currently the FDIC guaranteess upto $250,000 in deposits per account.
Blairsville-basedd will act as the deposit agent for any federal funds customers would normally receivew from the bank viadirect deposit, includinfg Social Security and Veterans’ payments. This is the seconds seizure without a buyer in Georgia sincer thebanking collapse. was . Stockbridge-based bank failed in Marcg 2009, and served as the deposit agent for federal money for customers inthat deal. Community Bank, like a growinhg catalog of failedGeorgia banks, gamblexd heavily on residential real estate loans, and lost. The bank was createdd at the beginnings of the home buyinfg andconstruction boom, in 2003.
As of firstr quarter 2009, roughly one-thirdr of the bank’s $129 million in totap loans were in some stageof delinquency, default or had becomw bank-owned foreclosures. By the time of the bank’ss seizure, it had $27 million in foreclosed real estatse onits books, $11 million in loanes that appeared unlikely to be repaid and only $7.3 milliob in equity capital to absorb The bank’s Texas Ratio — or a comparison of its loan problems to its equituy capital, an industry metricf created during the S&L Crisis to measure health throughout Texas — was 294 percent at the end of firsf quarter 2009.
Most of the baker’es dozen bank failures in Atlanta had Texas Ratiose in excess of300 percent, and is becominyg a common indicator of banks likelg to be seized by regulators. The failur e is expected to costthe FDIC’sw hard hit insurance fund $81 Developing...
Saturday, 1 December 2012
ESPN to share Spanish soccer rights with GolTV - Boston Business Journal:
ogarawo.wordpress.com
One member of La Liga, Real has made headlines recently acquiring two of the biggesty names in thesport -- Kaka and Cristianol Ronaldo. Ronaldo's transfer recently made wavez for being the most expensive transfer inthe sport's history. Matches will be shown on both ESPN2 andESPN Deportes, as well as ESPN Deportes and ESPN360.com will also have rights to Copa del Rey, Spain’sz domestic cup tournament. "We’re thrilled to work with GolTV to showcase La Liga on ESPN for the firsr time to soccer fans inthe U.S.
With the pendint addition of Cristiano Ronaldoand Kaka, the timing is great to includwe this great property to the ESPN Deportes as it is the most exciting socce r league in the world Lino Garcia, general manager of ESPN said in a statement.
One member of La Liga, Real has made headlines recently acquiring two of the biggesty names in thesport -- Kaka and Cristianol Ronaldo. Ronaldo's transfer recently made wavez for being the most expensive transfer inthe sport's history. Matches will be shown on both ESPN2 andESPN Deportes, as well as ESPN Deportes and ESPN360.com will also have rights to Copa del Rey, Spain’sz domestic cup tournament. "We’re thrilled to work with GolTV to showcase La Liga on ESPN for the firsr time to soccer fans inthe U.S.
With the pendint addition of Cristiano Ronaldoand Kaka, the timing is great to includwe this great property to the ESPN Deportes as it is the most exciting socce r league in the world Lino Garcia, general manager of ESPN said in a statement.
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