Advertisement
Canada markets closed
  • S&P/TSX

    22,299.83
    +15.07 (+0.07%)
     
  • S&P 500

    5,297.10
    -11.05 (-0.21%)
     
  • DOW

    39,869.38
    -38.62 (-0.10%)
     
  • CAD/USD

    0.7347
    -0.0003 (-0.05%)
     
  • CRUDE OIL

    79.28
    +0.65 (+0.83%)
     
  • Bitcoin CAD

    88,707.98
    -1,149.62 (-1.28%)
     
  • CMC Crypto 200

    1,370.51
    -23.53 (-1.69%)
     
  • GOLD FUTURES

    2,382.50
    -12.40 (-0.52%)
     
  • RUSSELL 2000

    2,096.25
    -13.21 (-0.63%)
     
  • 10-Yr Bond

    4.3770
    +0.0210 (+0.48%)
     
  • NASDAQ

    16,698.32
    -44.07 (-0.26%)
     
  • VOLATILITY

    12.43
    -0.02 (-0.16%)
     
  • FTSE

    8,438.65
    -7.15 (-0.08%)
     
  • NIKKEI 225

    38,920.26
    +534.53 (+1.39%)
     
  • CAD/EUR

    0.6756
    +0.0006 (+0.09%)
     

$1.2 Billion Medicare Fraud Scheme Shut Down by Feds

The Department of Justice has charged 24 people in a $1.2 billion scheme to defraud Medicare. According to Matthew Line, an IRS special agent, the scheme exploited the U.S. healthcare system by "targeting Medicare beneficiaries, paying doctors for prescriptions, paying kickbacks and bribes, and in turn selling these prescriptions to DME companies."