UnitedHealthcare pays $3.5M to settle Medicare fraud claim
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UnitedHealthcare Insurance Co., a branch of UnitedHealth Group, will pay $3.5 million to settle charges that it defrauded the Medicare program, the US Department of Justice announced Monday.
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The Business Software Alliance has collected a record settlement of nearly $3.5 million from an international media firm that was usingÂ unlicensed software, the trade group announced Tuesday.
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The insurance company has agreed to pay about $80 million to settle investigations into insurance sales that were used by companies to manipulate their earnings.
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The founder of the HealthSouth Corporation will pay the company $31 million as part of a settlement of litigation over his bonuses and legal fees.
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Qwest agreed Thursday to settle with the Securities and Exchange Commission over charges that the company fraudulently booked $3.8 billion in revenue over nearly three years.
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Microsoft, Google, and Yahoo have agreed to pay a total of $31.5 million to resolve claims that they promoted illegal gambling, the U.S. Department of Justice announced Wednesday.Microsoft will pay $21 million, Google will pay $3 million, and Yahoo will pay $7.5 million, the DOJ said in a news release. The three companies neither contest nor admit that they promoted illegal online gambling by running advertisements for gambling Web sites between 1997 and this year.The settlements stem from an investigation into illegal online gambling by U.S. Attorney Catherine Hanaway of the Eastern District of Missouri, the Federal Bureau of Investigation, and the Internal Revenue Service. Hanaway&#39;s office indicted the founder of Betonsports.com, 10 other people, and four companies on charges of racketeering, conspiracy, and fraud in a crackdown on online gambling on June 1, 2006.Hanaway filed a new indictment against Betonsports, three other companies, and 12 people on June 28 of this year.Unregulated online gambling is illegal in the United States, the DOJ said. The three companies were accused of procuring participants via the advertisements they ran for illegal activity. Those actions fall under the U.S. aiding and abetting statute, the agency said.The Microsoft settlement includes a $4.5 million fine and a $7.5 million contribution to the International Center for Missing and Exploited Children. The company also agreed to create a $9 million online advertising campaign, focused on young people, saying that online gambling is illegal under U.S. law. The campaign will run for three years, beginning in early 2008, the DOJ said.Yahoo has paid $3 million to the U.S. government, and it will provide $4.5 million worth of online advertising to a public-service campaign designed to inform users that operators and participants in online or telephone-based sports and casino-type gambling in the United States may be subject to arrest and prosecution.&quot;These sums add to the over $40 million in forfeitures and back taxes this office has already recovered in recent years from operators of these remote-control illegal gambling enterprises,&quot; Hanaway said in a statement. &quot;Honest taxpayers and gambling industry personnel who do follow the law suffer from those who promote illegal online behavior.&quot;Google said, in a statement, that it has cooperated with the investigation. &quot;While we did not admit any wrongdoing, the Department of Justice has advised that online gambling is illegal in the United States and ads to promote it are improper,&quot; the company said. &quot;Google voluntarily discontinued running such ads, which were a very small part of our AdWords business, in April 2004.&quot;Yahoo said it stopped running ads for gambling sites &quot;years ago,&quot; according to a statement. &quot;After the U.S. Attorney&#39;s Office contacted Yahoo with its concerns, we worked cooperatively over several years to reach this settlement,&quot; the company said.Microsoft was preparing a statement Wednesday afternoon.
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UnitedHealth Group&#39;s (UNH.N: Quote, Profile, Research) UnitedHealthcare Insurance Co. has agreed to pay $3.5 million to settle charges that it defrauded the Medicare program, the Justice Department said on Monday.
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Medical products supplier PolyMedica Corp. reported Wednesday it reached a tentative settlement with the Justice Department for $35 million over an investigation into Medicare practices.
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The private companies that process health claims for Medicare made nearly &#36;20 billion in erroneous or questionable payments last year, an error rate of 9.3 percent, the government said Monday. The performance was a slight improvement over last year.
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Insurance giant Zurich Financial Services said Tuesday it had reached a $47.5 million settlement in the United States to end litigation over the bankruptcy of a nursing home chain.
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NEW YORK, December 16: In addition to its $210 million settlement with the Department of Justice over securities fraud at America Online, Time Warner has reached a proposed settlement with the Securities and Exchange Commission for a further $300 million
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The nation's third-largest operator of kidney-dialysis clinics has agreed to pay the government &#36;350 million to settle allegations it defrauded Medicare.
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WASHINGTON -- Mortgage finance company Freddie Mac will pay $50 million to settle federal charges that it fraudulently misstated earnings over a four-year period.
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Health insurer UnitedHealth Group Inc. said Tuesday its fourth-quarter earnings climbed 3 percent, as growth in prescription services and Medicaid plans offset a smaller profit in its core health coverage division.
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Fraud in the $300 billion-a-year Medicaid program is widespread and the federal government is not doing enough to combat it, congressional investigators said in a report released on Wednesday.
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The nation&#39;s third-largest operator of renal-dialysis clinics has agreed to pay the federal government $350 million to settle civil and criminal charges that it defrauded Medicare, a US attorney said Thursday.
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Tenet Healthcare Corp.  said on  Thursday it reached a $900 million deal with the federal  government to settle allegations it bilked Medicare, the U.S.  health insurance program for the elderly, lifting shares as  much as 9 percent.