GOP Delegates Sue To Be Free From Romney

In 1996, the Justice Department announced that Damon had agreed to pay a $35.3 million criminal fine — one of the largest corporate fines in U.S. history — and an additional $83.7 million to settle whistle-blower lawsuits. The company, then owned by Corning, admitted that from 1988 to 1993 it had bolstered its earnings by submitting false claims to Medicare and other federal programs. Essentially, the firm billed for blood tests that doctors had not ordered.

“This is a case, pure and simple, of corporate greed run amok,” U.S. Attorney Donald Stern said at the time. “The settlement represents about $3 for every $1 Damon stole from the taxpayers.”

When the case broke, it was clear that Corning ended the scheme after it had acquired Damon from Bain Capital in 1993, according to company and prosecutors’ statements.

In the first article on the case — in the Boston Globe on Oct. 10, 1993 — Romney was quoted as saying that he was unaware of any investigation. He claimed that the chief executive of the firm had told the board in about 1992 “that all current practices at the company were now in conformity with government regulations and that in the past there may have been practices which would not be deemed appropriate.”

When the Globe revisited the case during Romney’s run for governor in 1992, his story was different. The Globe, disclosing that Romney had earned $473,000 from the sale, reported on Oct. 10, 2002:

“Romney said yesterday he was a proactive board member who helped to uncover the fraud. He said he and other board members became aware of the problem after another laboratory, in December 1992, was found to have committed fraud through use of a billing system similar to Damon’s. Romney said the board used its New York law firm to investigate, and as a result, the board took ‘corrective action’ months before Damon was sold to Corning.”

But Romney’s claim was not backed up by the facts, the Globe said:

“Court records — including statements from prosecutors and Damon’s own admissions — tell a different story, and reveal that the fraudulent activity occurred right up until the time Bain and other owners sold the company to Corning. Prosecutors also give sole credit to Corning for cleaning up the fraud after it purchased the company from Bain and other owners.”

Romney later acknowledged that the board did not report to federal investigators any findings from the alleged internal inquiry.

http://www.washingtonpost.com/blogs...edicare-fraud/2012/01/29/gIQA0ZQabQ_blog.html

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Yeah, just the kind of guy we need in the White House. /sarcasm

 

Nobody is arguing that they are not different in rhetoric. It's actual actions where there is no difference.

 

And? Romney came to the rescue and satisfaction of ALL the creditors including that of the Bank of New England, THEY were the ones protected by the FDIC not Bain.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

I'll also post something about Romney and Damon Corporation.[/QUOTE]

The company, one of many, Bain purchased after the questionable practices began, that they only held a 10% interest in and Romney had not direct control in, the one Bain took steps to stop the questionable practices which after they sold to Corning were stopped?

What is your point here?

 

As I said before............

 

It's easier to nuance the FDIC bailout than the fraud at Damon Corporation. Perhaps you only read what you wanted to, ignoring that Romney told conflicting accounts that were disputed by the prosecutors and that Corning, who bought Damon, actually ended the fraud that continued the entire time Romney sat on the Board of Directors.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

“This is a case, pure and simple, of corporate greed run amok,” U.S. Attorney Donald Stern said at the time. “The settlement represents about $3 for every $1 Damon stole from the taxpayers.”

When the case broke, it was clear that Corning ended the scheme after it had acquired Damon from Bain Capital in 1993, according to company and prosecutors’ statements.

In the first article on the case — in the Boston Globe on Oct. 10, 1993 — Romney was quoted as saying that he was unaware of any investigation. He claimed that the chief executive of the firm had told the board in about 1992 “that all current practices at the company were now in conformity with government regulations and that in the past there may have been practices which would not be deemed appropriate.”

When the Globe revisited the case during Romney’s run for governor in 1992, his story was different. The Globe, disclosing that Romney had earned $473,000 from the sale, reported on Oct. 10, 2002:

“Romney said yesterday he was a proactive board member who helped to uncover the fraud. He said he and other board members became aware of the problem after another laboratory, in December 1992, was found to have committed fraud through use of a billing system similar to Damon’s. Romney said the board used its New York law firm to investigate, and as a result, the board took ‘corrective action’ months before Damon was sold to Corning.”

But Romney’s claim was not backed up by the facts, the Globe said:

“Court records — including statements from prosecutors and Damon’s own admissions — tell a different story, and reveal that the fraudulent activity occurred right up until the time Bain and other owners sold the company to Corning. Prosecutors also give sole credit to Corning for cleaning up the fraud after it purchased the company from Bain and other owners.”

Romney later acknowledged that the board did not report to federal investigators any findings from the alleged internal inquiry.

 

The Boston Globe is surpassed in liberals lies only by the NY Times. Both rags are advertizing arms of the DNC. And both are facing bankruptcy and closure. No doubt that is also Romney's doing, or perhaps Bush's fault.

Where are the court records of Mitt Romney being charged or prosecuted by any enforcement agency?

A newspaper, a liberal newspaper, makes "CLAIMS." But Romney is never charged with any wrongdoing. I claim your hero Paul has never accomplished anything in 3 decades. The Congressional Record says I am 100% correct. My claim is a fact, your claim is a smear.

 

The Globe story is backed up by the Forbes story. Really, is the best you can do is try to attack the messenger?

The rest of your post, like your first sentence is utter bull(*)(*)(*)(*).

Hey, did you figure out how to spell 'ad' yet?

 

You CLAIM bull(*)(*)(*)(*) and pick on spelling. Is the Congressional Record bull(*)(*)(*)(*)? Do you know what the Congressional Record even is?

Lame to silliness. But predictable.

Your loser Paul will not be on the ballot. He will be home in Texas, retired and laughing at your gullible ass. Did I spell that correctly?

 

Spelling is the least of your problems.

You were responding to a post about Mitt Romney, but since you can't defend him, you revert back to your default mode, which is to troll on Ron Paul.

Talk about lame.

 

Where are the COURT charges against Romney? Where are the indictments? When did the prosecutions happen?

FYI, EVERY, not most, not some, medical facility involved in billing insurance companies and the government has people called UTILIZATION people. What they do is go through every medical record and MAXIMIZE the billing codes. Medicare with its 150,000 pages of regulations, can have a number of different codes for essentially the same procedure. The utilization dept looks at a medical record and if there is ANY possibility that a higher paying code applies, they enter that code. If Medicare balks at that, it is simpler for them to go with a lesser paying code than get involved in a drawn out fight with the one that makes the rules. i.e. a fight they know they cannot win.
And while you may think it is the 'cheating department' it is not. Their main function is to make sure the records are correct. They read a code where the doctor has said he put a cast on a person's arm. Utilization will find out and COMPLETE the record. Was the arm broken? Simple, or compound? Was the fracture reduced? Surgery, non-surgery? x-rays? MRI? All that can be left out of a doctors record. And all of it NEEDS to be there and billed.

Meanwhile all you frustrated paulobots are trying to pick out anything you can to disparage Romney. Did he close up some companies YES, you bury the dead. Did some jobs go overseas? Compared to 10's of thousands of jobs he created here in the USA?

Your jealousy of his success is UGLY. We have Paul that has bull(*)(*)(*)(*)ted his way through a political career and NEVER accomplished a thing. NOT ONE THING.
And we have obama, the most massive failure as a leader of any president in history without argument.

And we have Romney, a man that has proven his ability as a businessman and as a Gov. of a major, and liberal state.

It shouldn't be a contest IF you were HONEST and intelligent!

 

$119 million in fines and lawsuit settlements doesn't exactly fit into the scenario you concocted above.

 

What is the point of either? The FDIC insures banks. Bain had an investment go bad that had bank loans. In the settlement the FDIC, like the other creditors, agreed to take a percentage of their investments. Happens everyday in business. Damon, so what, Romney stepped in and cleared the matter up, showed good leadership and sound business judgement. I really have no interest in people trying to parse words and stories over something that is of no importance now.

 

I have a member of the family who went to school for over two years to become a medical insurance coder. That just to learn all the codes and laws and how to apply them. I can well imagine you find disputes and errors in about every such insurance or accounting company because the laws and the rules are SOOOOOO complicated. Heck some of the stuff I went through with my mothers insurance and Medicare in her last years and after she died was unbelievable.

Heck companies I have run or managed that are NOT in the medical field have had government auditors come in, find disputes in taxes paid or collected, we counter, they counter and we settle. Did than mean we did something illegal? No.

 

In the case of the FDIC, it was Bain itself about to go bankrupt, not an investment of theirs.

In the case of Damon, it was Corning, who had bought Damon from Bain, that cleared it up. The facts are clear on that. The fraud went on the entire time Bain held Damon.

Fail on both counts.

 

You have no way to determine that. You are3 operating from a position of intentional prejudice. WHY would the Govt "SETTLE" if they had a case? Only one answer, they don't have a case, they are simply saving money through extortion.

Why would a company settle if they had done nothing wrong? Here there is an easy answer. ITS cheaper to settle than to pursue a case that one CANNOT EVER win.

I left out a bit about utilization people. They also, and primarily, correct errors. And there is always a firm job for them.

 

Since Obama has never been charged with treason over that birth certificate thing I assume you tell the birthers to **** then, yes?

 

That's actually not true. This is a corporation, so it is civil. Corporations aren't people. Anyhow, the government "settles" when justice can be served by saving the public the expense of a trial and the opposing side will submit to some semblance of guilt.

 

Check back when you have some comment in relation to my post. If you wish to avoid same and discuss b.o., then I will simply say, I do not care where, or even when, he was hatched. What I care about is his gross incompetence the last 3.5 years.

How he qualified by birth means nothing. His background and history and LACK of ANY practical experienced disqualified him from being president. And his pitiful performance has proved he lacked the necessary experience and aptitude to ever lead anything.

Romney HAS all that b.o. LACKS, to get back on point.

 

Check back when you have some comment in relation to my post. If you wish to avoid same and discuss b.o., then I will simply say, I do not care where, or even when, he was hatched. What I care about is his gross incompetence the last 3.5 years.

How he qualified by birth means nothing. His background and history and LACK of ANY practical experienced disqualified him from being president. And his pitiful performance has proved he lacked the necessary experience and aptitude to ever lead anything.

Romney HAS all that b.o. LACKS, to get back on point.

 

The Government fined Damon $35.3 million, which was $3 for every dollar they defrauded Medicare.. The settlement of $83.7 million was for whistleblower lawsuits.

Here it is again, Dan. Thanks for being thick as a brick. It gives me another chance to point out Romney's involvement in Medicare fraud.

And yes, I'm aware they used the word 'settlement', but note that the fine was for much more than the fraud.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~`

In 1996, the Justice Department announced that Damon had agreed to pay a $35.3 million criminal fine — one of the largest corporate fines in U.S. history — and an additional $83.7 million to settle whistle-blower lawsuits. The company, then owned by Corning, admitted that from 1988 to 1993 it had bolstered its earnings by submitting false claims to Medicare and other federal programs. Essentially, the firm billed for blood tests that doctors had not ordered.

“This is a case, pure and simple, of corporate greed run amok,” U.S. Attorney Donald Stern said at the time. “The settlement represents about $3 for every $1 Damon stole from the taxpayers.”

When the case broke, it was clear that Corning ended the scheme after it had acquired Damon from Bain Capital in 1993, according to company and prosecutors’ statements.

 

You quote from sources that have but one purpose. To smear.

Where are your official sources? Did Damon DO the blood tests they billed to Medicare??? YES, they did do them. Medicare deemed they were not necessary. But they WERE done. Your sources rant that it was on of the largest CRIMINAL settlements ever. It was not. There are many that more than triple the Damon case. Your sources claim Damon paid back MORE than they fraudulently billed. False. Had Medicare demanded such, Damon likely would have fought it to the end. Damon's pay back amounted to 0.000074375 of a single year's business. One seven thousandth of a percentage point.

You want smear stories? obama pushed for a massive cap n trade TAX. LOST. Had he got that bill passed, companies that emitted carbon would have to pay a fine for excess emissions OR BUY carbon credits from companies that had excess carbon credits to sell. How would that work? FOR A FEE, the Chicago Carbon Exchange, CCX, would track the available credits and make them available for purchase by the companies that need credits. CCX stood to make BILLIONS, perhaps, still do. Who, among others, IS deeply involved in the formation of CCX? One Al Gore, and one b. h. obama. LOOK IT UP!

Anyone can play the smear game. Its an election season standby. Wanna bet there are many more smears that can be spread on obama than can be spread on Romney?
,

 

You quote from sources that have but one purpose. To smear.

Where are your official sources? Did Damon DO the blood tests they billed to Medicare??? YES, they did do them. Medicare deemed they were not necessary. But they WERE done. Your sources rant that it was one of the largest CRIMINAL settlements ever. It was not. There are many that more than triple the Damon case. Your sources claim Damon paid back MORE than they fraudulently billed. False. Had Medicare demanded such, Damon likely would have fought it to the end. Damon's pay back amounted to 0.000074375 of a single year's business. One seven thousandth of a percentage point.

You want smear stories? obama pushed for a massive cap n trade TAX. LOST. Had he got that bill passed, companies that emitted carbon would have to pay a fine** for excess emissions OR BUY carbon credits from companies that had excess carbon credits to sell. How would that work? FOR A FEE, the Chicago Carbon Exchange, CCX, would track the available credits and make them available for purchase by the companies that need credits. CCX stood to make BILLIONS, perhaps, still do. Who, among others, IS deeply involved in the formation of CCX? One Al Gore, and one b. h. obama. LOOK IT UP!

**b.o. seems to have a problem with the fine vs tax scenario.

Anyone can play the smear game. Its an election season standby. Wanna bet there are many more smears that can be spread on obama than can be spread on Romney?
,

 

I'd like to free all delegates from all responsibility to vote for anybody, period. Romney has WON the popular contest. He's the nominee. We don't need this archaic electoral system. It's just an excuse to go someplace exotic and get laid.

 

Tampa and Charlotte are "EXOTIC." I dint know that!

The Democrats are going to a convention and get drunk and laid or laid and drunk or both and they didn't even have a primary. If you want people to get involved in the slime and mire of politics, you got to give them some hoots and hollers too.

And people were getting laid long before there were political conventions.

 

I wish republicans could get laid once in a while. Perhaps they'd have chosen a decent candidate if they did.