Fraud

• The Trump administration will require all 50 states to explain their plans to revalidate Medicaid providers as part of a national escalation of anti-fraud efforts, announced by Dr. Mehmet Oz on Tuesday. • This marks a significant expansion from previous anti-fraud initiatives that have largely focused on specific states rather than a nationwide mandate. • The move aims to strengthen program integrity and reduce fraudulent claims across the Medicaid system.

• Fraud incidents continue climbing at US banks even with substantial spending on advanced detection tools and analytics. • The gap highlights limitations in current tech defenses against evolving fraudster tactics. • This trend matters as it pressures financial institutions to innovate faster, amid rising economic impacts from cyber fraud.

Hui Ka Yan expresses remorse in trial proceedings after collapse of world’s most indebted property developerBusiness live – latest updatesA former steelworker who rose to become one of China’s richest people has pleaded guilty to charges including fundraising fraud after the collapse of Evergrande, the world’s most indebted property developer.The property group’s founder, Hui Ka Yan, “pleaded guilty and expressed remorse” in trial proceedings at a court in China’s southern city of Shenzhen against him and Evergrande, the court said in a posting on its official WeChat account. He also pleaded guilty to misuse of funds and illegally taking public deposits. Continue reading...

Suspects allegedly bought 14 hospice companies and used stolen identities to fraudulently bill state health planSign up for the Breaking News US email to get newsletter alerts in your inboxCalifornia authorities have filed felony charges against 21 people, who they say orchestrated a hospice fraud scheme that cost the state $267m, the state’s attorney general, Rob Bonta, announced on Thursday.The suspects allegedly bought personal identifying information for non-California residents from the dark web and used the stolen identities to enroll in Medi-Cal, a state program that gives low-income residents free or low-cost health care. Continue reading...

• FBI arrested eight individuals, including three nurses, a chiropractor, and a psychologist, in a Los Angeles healthcare fraud operation targeting over $50 million from the US system. • Gladwin and Amelou Gill allegedly created a hospice in their daughter's name, swindling over $7 million from taxpayers. • Six defendants face initial appearances in US District Court in downtown Los Angeles, with one in Idaho; the scheme ties to broader hospice fraud concerns in LA.

• President Trump signed an executive order last week to place tight federal controls on mail-in voting, claiming it enables widespread cheating in blue states like California. • Trump stated 'Mail-in voting means mail-in cheating' and 'Cheating on mail-in voting is legendary,' despite no evidence of fraud. • California and other states sued, arguing states have constitutional rights to administer elections; Trump insists Democrats register noncitizens, especially Latinos.

Kyriakos Mitsotakis calls alleged scamming of EU agricultural funds ‘a turning point’ The Greek prime minister has vowed to tackle what he has called a “deep state” he says is plaguing the country, as he sought to address a burgeoning political crisis over a farm fraud scandal that has forced the resignation of multiple government ministers.In a speech, aired on national TV, Kyriakos Mitsotakis attempted to limit the damage, describing the revelations as “a turning point” that had turbo-charged his commitment to rooting out entrenched corruption. Continue reading...