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A deeper look at the company's billing practices revealed what appeared to be Medicare fraud, Pérez Aybar said. Fraud flourishesThat's just one of thousands of examples of how Medicare fraud is flourishing — not only in south Florida, but across the country. Taxpayers are losing more than $100 billion a year to Medicare and Medicaid fraud, according to estimates from the National Health Care Anti-Fraud Association. This convicted felon says Medicare and Medicaid fraud is "very easy" to get away with. The same pills could be sold and resold multiple times with different phony patients, billing Medicare each time.

☆ Premarket stocks: Bad sign for stocks: Bond yields are white hot again
▼ + stars: | 2023-02-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

The recent global bond rally appears to be tapering off as investors are getting a cold wet dose of reality about Fed rate hikes. Bonds compete with stocks for investors’ dollars, and when yields go up, equities often go down. That tonal shift has sent stocks lower and Treasury yields higher, as investors rethink their views on the path of interest rates. The Federal Reserve’s efforts to date to bring down inflation while maintaining a strong labor market appear achievable, she added. “As a result, although Fed rate hikes could slow the labor market in the coming months, we think labor supply faces persistent headwinds in the longer run.”

☆ TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit
▼ + stars: | 2023-02-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —TD Bank will pay $1.2 billion to settle a lawsuit alleging its involvement in an infamous $7 billion Ponzi scheme orchestrated by disgraced financier Allen Stanford more than a decade ago. The lawsuit claimed TD Bank collected these deposits in US and Canadian dollar values and continuously ignored red flags about the Antigua-based bank over the years. “TD provided primarily correspondent banking services to Stanford International Bank Limited and maintains that it acted properly at all times,” the bank said. Additionally, HSBC will pay $40 million and Independent Bank, formerly Bank of Houston, will pay $100 million, the receivership’s counsel confirmed. Societe Generale reached a settlement of $157 million and Trustmark agreed to pay $100 million earlier this year.

☆ Former Freepoint Commodities Trader Charged With Bribing Brazilian Officials
▼ + stars: | 2023-02-17 | by ( Dylan Tokar | ) www.wsj.com time to read: +2 min

A former employee of U.S. oil trader Freepoint Commodities LLC and its Brazilian agent were indicted Friday for their alleged role in a scheme to bribe Brazilian officials to win contracts with the country’s state-owned oil company, Petróleo Brasileiro SA. Mr. Innecco, who acted as a broker for the firm, remains at large, the spokesman said. A lawyer for Mr. Oztemel said his client denied the allegations. Mr. Oztemel began working for Stamford, Conn.-based Freepoint around 2012. A spokeswoman for Freepoint, which wasn’t named in the indictment, said Mr. Oztemel had retired from the company more than two years ago.

☆ Greta Thunberg and a 'mud wizard' faced off against German cops to protest a coal deal with the country's largest energy company
▼ + stars: | 2023-01-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Climate activists in Germany are protesting a coal deal between energy company RWE and the Green party. Protesters used delayed officers in deep mud but were met with "pure violence," organizers said. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The deal, made between the left-leaning political Green party and the largest German coal company, RWE, has been toted as a climate-saving agreement by the politicians who brokered it. Climate activist Greta Thunberg (r) stands between Keyenberg and Lützerath under police guard on the edge of the open pit mine and dances.

Candles and flowers at a makeshift memorial honoring four slain University of Idaho students outside the Mad Greek restaurant in downtown Moscow, Idaho, on Nov. 15. Now, the homicide in Moscow, Idaho, of the four University of Idaho students — friends Madison Mogen, 21; Kaylee Goncalves, 21; and Xana Kernodle, 20; and Kernodle's boyfriend, Ethan Chapin, 20 — has become a fresh mystery for internet sleuths to speculate over. Officers investigate a homicide at an apartment complex south of the University of Idaho campus. Four people were found dead at a residence near the University of Idaho, police in the city of Moscow said. Jeremy Reagan, a University of Idaho law student who lives near the crime scene in Moscow, is all too familiar with being wrongly named.

☆ China urges 'patience' as COVID cases rebound ahead of key congress
▼ + stars: | 2022-10-10 | by ( Ryan Woo | ) www.reuters.com time to read: +5 min

People line up to get tested for the coronavirus disease (COVID-19) at a nucleic acid testing site, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 10, 2022. REUTERS/Aly SongSummary Local COVID cases in China rise to highest since Aug. 20Covid epicentre in northern region of Inner MongoliaParts of Shanghai close leisure, entertainment venuesBEIJING, Oct 10 (Reuters) - China called for "patience" with its tough COVID policies and warned against any "war-weariness" as local cases soared to their highest since August, days ahead of a pivotal Communist Party congress. A few days into the Golden Week, the western region of Xinjiang also barred people from leaving as cases ticked higher. Tourists stranded in Xinjiang could seek temporary work as electricians, cooks and wood craftsmen, advised authorities in its capital Urumqi. Shanghai, which locked down its entire population of 25 million in April and May, reported 34 local cases on Oct. 9, the most in almost three months.

☆ Delaware Freezes Out Russia-Linked Startups, Extending Sanctions’ Reach
▼ + stars: | 2022-09-29 | by ( Andrew Scurria | ) www.wsj.com time to read: +7 min

PREVIEWDelaware is now extending U.S. sanctions meant to punish Russia for its invasion of Ukraine to business ventures incorporated in the state. Blocked startups also can’t raise outside financing because they can’t amend their articles of incorporation in Delaware to issue new capital stock, according to several startup founders and their lawyers. Some startups have persuaded Delaware to restore their good standing after demonstrating that corporate officers no longer live in Russia. Blocked startups face other financial repercussions. It can’t proceed with expansion plans so long as it is blocked in Delaware, Mr. Zykov said.

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