American Family deal a 'model' for other states

Article Abstract:

American Family Publishers has agreed to pay to an $800,000-settlement deal with New York state but it emphasized that no error was done. Over 12,000 New Yorkers were paid $60 each for the purchase of magazine subscriptions, which they thought would enhance their chances of winning an $11-million pot being given by American Family in a sweepstakes. Susan Caughman, American Family CEO, said the firm is seeking a speedy resolution to the issue even as it affirms that there was no misconduct on its part. The company unveiled a Web site so it could respond to questions oftentimes asked.

Comment:

Has agreed to pay to an $800,000-settlement deal with New York state but it emphasized that no error was done

Direct Mail Advertising, Direct Mailing Services, Mailing services, Article, American Family Publishers

---

Dialysis firm settles Medicare fraud suit

Article Abstract:

BioTrax International, a kidney dialysis service subsidiary of German renal giant Fresenius, has agreed to settle a fraud lawsuit by paying $16.5 million to the US federal government. The lawsuit charged the company of paying kickbacks to doctors to defraud Medicare by ordering unneeded tests on kidney patients. As part of the agreement, BioTrax denied the charges of fraudulently billing Medicare for $5.5 million while emphasizing that it is putting behind it old business methods.

Dialysis Clinics, Kidney Dialysis Centers, Dialysis facilities, BioTrax International

---

Proposal targets banking secrecy

Article Abstract:

Federal bank regulators are presently proposing regulations that would compel banks to effect extensive checks into clients' backgrounds and to determine the sources of their money. The proposed regulations are aimed to counter money laundering. According to former federal prosecutor Ellen Zimiles, all the members of a bank's senior management should have access to the true identity of its customers.

Commercial Banks, Commercial Banking

Similar abstracts:

• Abstracts: Chrysler may help develop a minivan for Mercedes. GM goes global for parts to get plants running. GM targets resources at key plants
• Abstracts: Alberta mall law firm withdraws. Are we getting hosed at the pumps?
• Abstracts: AIT division goes on the block. Spar unloads ailing ComStream subsidiary. ATI lands graphics chip deal with US firm; marks first step into new fertile set-top box market
• Abstracts: Second Cup stirring up business. Yogen Fruz revenue doubles

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.