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49 Comments
- mrcaulfield, on 11/03/2008, -0/+39i always enjoy when corrupt businessmen get caught;
and preferably don't want them to benefit from some bailout plan. - jasoninoakland, on 11/03/2008, -2/+27Health insurance companies are useless (unlike pharmaceutical companies, which actually do innovate). How many people were denied a needed operation to save their life so this jackass could pocket another billion dollars?
- chkdg8, on 11/03/2008, -0/+17Yeah right, let's see what ultimately happens to this fool. Don't be surprised if last minute during the appeal he gets a little "bailout-favor" deal. This is becoming one of the most corrupt corporate countries in the world.
- LilRabbitFooFoo, on 11/04/2008, -0/+16Exactly. The HMOs just siphon money that should be going to the doctors or savings in the system. The same with all the administrative costs of all these insurance companies etc. REAL Universal Healthcare means no HMOs and private SUPPLEMENTAL insurance for the well to do if you really want it (like Britain, Canada, etc.).
- inactive, on 11/03/2008, -0/+15 As do I...Should have happened much sooner though.
- astutissimo, on 11/04/2008, -3/+15Wow. I'm so not impressed with this one. 1.9 billion dollars in fraud seems so small nowadays. Trivial even. 1.2 trillion dollars for Iraq war. 1 trillion dollars for the financial systems collapse. Billionaires are so common nowadays. Trillion is the new billion.
- codered1322, on 11/04/2008, -0/+8"White collar" crimes are not victimless. I hope his appeals are in vain.
- bromac, on 11/04/2008, -0/+7Wow, that's such an American viewpoint. Remember, having $300 in your savings account still places you in the top 1% of the world.
Every raindrop adds up to the flood. A billion here, a billion there and eventually you're dealing with some real money. - flaknugget, on 11/04/2008, -0/+6That's what you get in a for-profit health industry. Investors become more important then patients.
I like to think of healthcare as an essential service like police, and fire protection.
So I guess I'm just a moon-bat, libtard, socialist, marx-something. - unhg, on 11/04/2008, -0/+5There's still ongoing civil lawsuits to recover those compensatory money. Hopefully it will bankrupt his estate.
- refisawanker, on 11/04/2008, -0/+5Did any of you actually read the article? This has not one thing to do with healthcare. His violations had to do with SEC regulations and accounting practices, not pulling old ladies off their respirators.
We should be happy. The system worked in this case. The FBI caught him and threw his ass in jail. - jasoninoakland, on 11/04/2008, -0/+5What a drama queen. I said health insurance companies provide no value; pharma companies do. Where exactly did you read an anti-capitalist tone in that?
The $1.9 billion that went to the CEO's yacht fleet could have saved tens of thousands of lives which were likely more valuable than his. - JROXZ, on 11/04/2008, -0/+410 Bucks says you could probably connect him to the GOP.
- djlaptop, on 11/04/2008, -0/+4They can't benefit from a bailout plan. The company went under in 2002.
Wow...only in this country does it take 6 years to get someone convicted if they're rich enough. - heystoopid, on 11/04/2008, -0/+4But don't forget though thanks to friends in high places , his surviving family members still kept all the monies he stole from the company pension funds and can still live the high comfortable life luxury from the stolen funds by deliberate embezzlement .
- tsotha, on 11/04/2008, -0/+4This wasn't an HMO. It was some kind of financing company. From the article it doesn't seem like they got involved in patient care.
- p3ngwin, on 11/04/2008, -0/+4!!!!! DO NOT CLICK UCMERCED69's link !!!!!!!
it is annoying grandpa porn with browser script hijack. - unhg, on 11/04/2008, -0/+3I just hope he ends the same way as Kenneth Lay.
- hiriumi, on 11/04/2008, -0/+3Where are auditors?
- joand315, on 11/04/2008, -0/+3The CEO signed off on fake books. The auditors never saw the real books.
- Sean42, on 11/04/2008, -1/+4Buried Lead of this story - The guy had a company that stole 1.9 billion and it still went under. Wow, that is incompetence on a george w bush level.
- p3ngwin, on 11/04/2008, -0/+3the definition of "profit" is to benefit from someone else.
nobody gives out their time & energy unless they believe they will have their beliefs enriched by it. even being "generous" and seemingly "giving" your energy away without immediate reward is simply investing in your beliefs in a "pay it forward" way.
everyone lives this way, the difference is only "what" our beliefs that we invest in. some people have healthy beliefs that benefit all, others have beliefs that only benefit themselves.
exactly "what" you are getting from the other person and who needs what the most...well that's a question of balance.
this ***** certainly didn't need the money more than the people he scammed it from. - trunks6008, on 11/06/2008, -0/+2one, 1.9 billion dollars, you could run an entire state, mega-large company, or small countries with that money. 3-5 trillion dollars was actually funneled into the Iraq war. 10+ trillion dollars for the financial systems. and 80+ billion on gasoline.
- BlatheringIdiot, on 11/04/2008, -0/+2I'd be happy with a lousy $ Mill.
- geesamba, on 11/04/2008, -0/+2FTA: "The government said Poulsen kept two sets of books and signed off on falsified reports." That's illegal regardless of what business you're in. Your reading comprehension skills are sorely lacking, although I'll wager a guess that you didn't even read the article before coming to that insightful conclusion.
- trunks6008, on 11/06/2008, -0/+2i just read the last taiwanese president stole nearly $800,000,000 bucks ($800 million) from the taiwanese citizens. imagine how much bush and his administration stole from the american people? $10,000,000,000 bucks. ($10 trillion).
- MedicalMatt, on 11/04/2008, -0/+2He'll surely be hired on as a consultant to another firm and recoup any eventual financial losses from this case.
- olenick, on 11/04/2008, -0/+2Insurance companies are slimy. My wife this morning has been fighting w/ them b/c they were saying an MRI of her foot was a pre-existing condition. Problem is she went in for something else and the Dr. said "hey -- that foot looks messed up -- I wanna take an MRI b/c if you have what I think you have could lead to long-term damage." So she went and it was ... nothing. Of course, since nothing was wrong there was no condition to "pre-exist." The Dr. may have been pushing a phony scan but it was a PIA to get and, if that's the case, they should take up a beef w/ him rather than putting my wife in the middle. US health insurance companies tend to be scumbags. Let's send a message by sending this guy goes to jail for many, many years
- inactive, on 11/04/2008, -0/+2maybe he'll do the honorable thing and hang himself
- Barackalypse, on 11/04/2008, -1/+3Would you like me to point out all the instances of your beloved Government dropping the ball on social programs it runs? I guarantee you $1.9 billion in fraud doesn't even scratch the surface of the waste and fraud the Government generates.
- inactive, on 11/04/2008, -1/+3Regressives are against Universal Health Care... but you won't hear a peep out of them when private industry rips people off.
- pbol01, on 11/04/2008, -1/+3$300 top 1%??? What planet do you live on?
Maybe $3000 would do that but I still have my doubt. America + Europe + Other rich countries = at least 1.000.000.000 people. And most of these people do ok. - kareemachan, on 11/04/2008, -0/+2Hopefully only after he gets out of jail after a long, long sentence.
- samyoungguitar, on 11/04/2008, -1/+2Surprise.
- xxgigavirusxx, on 11/04/2008, -1/+2and he gets a slap on the wrist!
- StopTheLie, on 11/04/2008, -1/+2Just think, when we have "universal health care," nobody will know who is stealing what. (2.3 TRILLION reported "unaccounted for" at the Pentagon...Hell, the "Department of UHC" should be able to "misplace" that much in no time) I can hear it now: "It's those darned antiquated computers I tell you...yep, that and good old "incompetence." Shucks, if only we gave them more money, maybe they could straighten it all out."
- miajade20, on 11/04/2008, -0/+1well done. these corrupt people should be treated like this. but i feel sad because there are thousands of other who are doing these kind of illegal works with any fear. so i wish one day they all will be nabbed
payday loan cash advance - tsotha, on 11/04/2008, -0/+1They usually make an example of people like this. I'd be very surprised if, after sentencing, he spends another day in his life outside prison.
- SatoriSeeker, on 11/04/2008, -1/+2It's like you want to "spread the health around" or something. /s
- trunks6008, on 11/06/2008, -0/+1i bet 100,000 bucks he's connect to the gop
- omgwtflawl, on 11/04/2008, -1/+2You can implement your own universal healthcare plan right now, you know. When you get the bill from the hospital, simply send your neighbors their share of it and threaten them with violence if they don't pay! If everyone did that, we would have the universal care you so deeply desire.
- wishninja, on 11/04/2008, -1/+2hillary did not make it past the primaries. Universal health care is dead.
- miajade20, on 11/04/2008, -1/+1well done. these corrupt people should be treated like this. but i feel sad because there are thousands of other who are doing these kind of illegal works with any fear. so i wish one day they all will be nabbed
http://paydayloancashadvance.cn - snowbooch, on 11/04/2008, -4/+3your so right, every for-profit organization is inherently evil
and by all means, there's never logic for claim denial, as we should continue to spend the majority of our health care dollars on small marginal gains, preferably during the compression of morbidity that occurs at the end of our lives - Kate1240, on 11/04/2008, -2/+1Freakin terrorist!
- TheSkunkMonkey, on 11/04/2008, -3/+2He must have been a Democrat.
- 2Philippines, on 11/04/2008, -6/+3Just another corrupt business jerk in America, it is likely the American socialist government will allow him to be free with a few million in bonuses.
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