Revenue Cycle

Healthcare financing fraud trial nears

Patient Financial Services Weekly Advisor, February 1, 2008

Six years after the collapse of the country's biggest health care finance company, a trial is nearing for five executives accused of a $1.9 billion fraud that helped bring National Century Financial Enterprises down in 2002.

Two former owners of National Century and three former executives facing charges that they conspired to defraud investors by diverting money from investors' funds for improper uses, fabricated data in investor reports, and moved money back and forth between accounts to conceal investor fund shortfalls.

The government expects to call 45 witnesses during the trial, which is expected to last six to eight weeks.

To read the full The Miami Herald story, click here.

Comments

0 comments on “Healthcare financing fraud trial nears

 

    Recovery Auditor Report
  • Recovery Auditor Report

    The Recovery Auditor Report is a free biweekly e-newsletter of useful tips and strategies to get you prepared for the...

  • Medicare Update for CAHs

    Medicare Update for CAHs is a free bi-weekly ezxne that provides specialized information for our CAH (critical access...

Most Popular

Related Articles