10.14.2010

hīˈpərbəlē

Dozens charged with largest Medicare scam ever - Yahoo! News

NEW YORK – A vast network of Armenian gangsters and their associates used phantom health care clinics and other means to try to cheat Medicare out of $163 million, the largest fraud by one criminal enterprise in the program's history, U.S. authorities said Wednesday....

The scheme's scope and sophistication "puts the traditional Mafia to shame," U.S. Attorney Preet Bharara said at a Manhattan news conference.

But not the traditional mortgage industry.

 

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