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Class-Action Lawsuit Against Nursing Home Chain Settled

A class-action lawsuit against Emeritus nursing home chain has been settled in favor of the plaintiffs. The facility in question was advertised as being staffed based on individual ...
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Brooklyn Man Pleads Guilty to Scamming $4.5 Million from Elderly Friends

Paul Simoneachi, an insurance agent from Brooklyn, pleaded guilty on Tuesday to scamming 21 elderly consumers out of more than $4.5 million in savings. Simoneachi preyed upon Italian ...
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Indiana Struggles to Handle Financial Exploitation Cases

Indiana’s Adult Protective Services is not equipped to handle most cases of financial exploitation, an investigation by IndyStar has found. Financial exploitation of older adults ...
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Variable Annuities Area of Focus for SEC in 2016

The Securities and Exchange Commission have made variable annuities a point of interest in its examination priorities. The popular part of retirement plans are a focus for the SEC ...
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Martin Shkreli Seeks New Lawyers in Securities Fraud Case

Former pharmaceutical executive Martin Shkreli is seeking new representation in his fight against securities fraud charges. Shkreli’s attorneys filed a letter requesting new counsel ...
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Illinois Budget Impasse Hurts Home Health Care Workers, Patients

The Illinois budget stalemate is taking a toll on home health care workers and their disabled and elderly patients. From WGNTV.com: A federal rule that took effect New Year’s Day ...
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Maine Supreme Court Revisits Nursing Home Whistleblower Case

A nursing home whistleblower in Maine claims she was fired for voicing concerns about her workplace. Now Karen Cormier will have her wrongful termination lawsuit heard in the state’s ...
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Fraud Prone Equipment Subject to Prior Authorization

On Tuesday, the U.S. Centers for Medicare and Medicaid Services (CMS) announced that prior authorization will be required before Medicare will pay for high fraud items, such as wheelchairs, ...
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Steven Cohen Banned From Managing Outside Money for 2 Years

After nearly a decade of investigations by securities regulators after accusations of insider trading, Steven A. Cohen will be able to manage outside money in two years. Although federal ...
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Britain’s Biggest Insider Trading Case Goes to Trial

Five defendants are posed to go to trial in one of UK’s biggest insider-trading scandals ever. The five, Martyn Dodgson, former managing director of Deutsche Bank, Andrew Hind, ...
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