Bulletin Today | Money & SavingsAs many as one in five older Americans has been the victim of a financial swindle, resulting in a staggering loss of $3 billion in one year alone, Attorney General Eric Holder told the audience at AARP’s National Event & Expo in New Orleans. The heartbreak behind these figures is unconscionable. Holder says stepped-up enforcement against financial fraud is a priority at the Justice Department. But he says the government’s success, in part, is dependent on “allies” like AARP for raising awareness …
News RoundupsThe largest Medicare fraud bust in recent history has netted more than 100 people and an estimated $450 million in false billings, the Associated Press reports. The nationwide operation has been under investigation for several months, on suspicions of defrauding Medicare, Medicaid and other federal health programs.
News RoundupsMore than $4 billion in health care fraud money was recovered in 2011, Justice Department officials announced yesterday.