A federal review of health insurers operating Medicare Advantage plans shows that 35 health plans overbilled the federal Centers for Medicare & Medicaid Services, the Center for Public Integrity reported on August 29. Fred Schulte, a CPI senior reporter, said the center obtained 37 MA plan audits …
The complainant is Taylor, Bean & Whitaker (TBW), which was a top-10 wholesale mortgage lending firm. The trustees of the company are accusing PwC of negligence in their audits of TBW’s lender, Colonial Bank. In an agreement between the top management of the borrower and the bank, starting from 2002, TBW chairman Lee Farkas sent mortgage data to Colonial Bank for fake loans or those the company …
by Avivah Litan | March 14, 2016 | Submit a Comment In a little noticed but highly significant event, two small Florida merchants are lead plaintiffs in a potential class action suing the financial services industry for conspiring to get the merchants to eat more fraud. The merchants point out that their fraud rates and charges have risen more than twenty times since the October 2015 EMV …