RE: Executives to pay for health care fraud

RE: Executives to pay for health care fraud (Full Version)

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tazzygirl -> RE: Executives to pay for health care fraud (6/1/2011 8:06:24 AM)
LOL... i dont have to google it, Master Ron. The answer is none. August 07, 2003 WARNING LETTER CIN-03-16736 SENT VIA FEDERAL EXPRESS Howard Solomon, Chief Executive Officer Forest Laboratories, Inc. 909 Third Avenue New York, NY 10022 Dear Mr. Solomon: This letter is in reference to the inspection of your finished pharmaceutical manufacturing plant, Forest Pharmaceuticals, Inc., located at 5000 Brotherton Road, Cincinnati, OH 45209, conducted on January 28 - February 20, 2003, and to your firm?s continued marketing of Levothroid? (levothyroxine sodium tablets, USP) without an approved application. http://www.fda.gov/ICECI/EnforcementActions/WarningLetters/2003/ucm147641.htm Straight to the CEO.

tazzygirl -> RE: Executives to pay for health care fraud (6/1/2011 8:07:29 AM)
quote: ORIGINAL: flcouple2009 quote: ORIGINAL: tazzygirl How many pharmaceutical companies get a cease and desist letter from the FDA... and no one tells the CEO? They don't bother the CEO with those kinds of petty details Guess someone should tell the FDA that.

MrRodgers -> RE: Executives to pay for health care fraud (6/1/2011 8:14:34 AM)
quote: ORIGINAL: willbeurdaddy "Now, on top of fines paid by a company, senior executives can face criminal charges even if they weren't involved in the scheme but could have stopped it had they known" So CEOs are expected to be mind readers? Any convictions on this basis will never hold up in higher court unless it can be proven the CEO was negligent in not knowing. Don't ya just love capitalism ? "The problem with capitalism is...some capitalists." William F. Buckley Jr. Waste fraud and abuse even capital criminal activity...is and has always been a great profit center. This is the culture of capitalism, the same that killed the S & L industry, the same that cause 'The Bailout of Billionaires' the same one that has $billiuons yes billions missing at the Pentagon. The list goes on and on kinkroids. You didn't know that when you stopped at 7/11 that your 'buddy' was going to rob the store and kill the clerk..but you are going to die in jail because of it.

MrRodgers -> RE: Executives to pay for health care fraud (6/1/2011 3:22:18 PM)
quote: ORIGINAL: willbeurdaddy "Now, on top of fines paid by a company, senior executives can face criminal charges even if they weren't involved in the scheme but could have stopped it had they known" So CEOs are expected to be mind readers? Any convictions on this basis will never hold up in higher court unless it can be proven the CEO was negligent in not knowing. Don't ya just love capitalism ? "The problem with capitalism is...some capitalists." William F. Buckley Jr. Waste fraud and abuse even capital criminal activity...is and has always been a great profit center. This is the culture of capitalism, the same that killed the S & L industry, the same that cause 'The Bailout of Billionaires' the same one that has $billions yes billions missing at the Pentagon. The list goes on and on kinkroids. You didn't know that when you stopped at 7/11 that your 'buddy' was going to rob the store and kill the clerk..but you are going to die in jail because of it.

Moonhead -> RE: Executives to pay for health care fraud (6/1/2011 3:23:59 PM)
quote: ORIGINAL: tazzygirl Straight to the CEO. He'll probably just forward it to some jobsworth on minimum wage in the call centre (and India, probably).

willbeurdaddy -> RE: Executives to pay for health care fraud (6/1/2011 3:26:57 PM)
quote: ORIGINAL: MrRodgers quote: ORIGINAL: willbeurdaddy "Now, on top of fines paid by a company, senior executives can face criminal charges even if they weren't involved in the scheme but could have stopped it had they known" So CEOs are expected to be mind readers? Any convictions on this basis will never hold up in higher court unless it can be proven the CEO was negligent in not knowing. Don't ya just love capitalism ? "The problem with capitalism is...some capitalists." William F. Buckley Jr. Waste fraud and abuse even capital criminal activity...is and has always been a great profit center. This is the culture of capitalism, the same that killed the S & L industry, the same that cause 'The Bailout of Billionaires' the same one that has $billions yes billions missing at the Pentagon. The list goes on and on kinkroids. You didn't know that when you stopped at 7/11 that your 'buddy' was going to rob the store and kill the clerk..but you are going to die in jail because of it. The bailout was anti-capitalism, not capitalism. And there arent billions "missing" at the Pentagon. Sloppy accounting isn't the same as real money gone. And of course that has nothing to do with capitalism even if there were.

MrRodgers -> RE: Executives to pay for health care fraud (6/1/2011 3:45:53 PM)
quote: ORIGINAL: willbeurdaddy quote: ORIGINAL: OrionTheWolf They are expected to practice due diligence, and be responsible for the company. quote: ORIGINAL: willbeurdaddy "Now, on top of fines paid by a company, senior executives can face criminal charges even if they weren't involved in the scheme but could have stopped it had they known" So CEOs are expected to be mind readers? Any convictions on this basis will never hold up in higher court unless it can be proven the CEO was negligent in not knowing. Exactly...not to be mind readers. There are two words in your phrase, the first is DUE. Typically, the corporate culture has it that I am supposed to make $millions even 10's of $millions a year because I am a captain of industry. [sic] I am that heroic pro that is going to make the stock holders (and myself) a whole lot richer. Oh but... ...no I am not responsible if my products kills you or my workers. I am not responsible if my drugs don't work or fuck you up. I am not responsible if my oil platform blows up and kills your husband or your son. I am not responsible if my coal mine falls in and kills them either but... ...I am worth and because I add so much to society [sic] all of those $100's of million$ I'll make over my lifetime of zero liability. The very function and the reason the corporation was created, so operators could be outright criminals and...get clean away with it..

tazzygirl -> RE: Executives to pay for health care fraud (6/1/2011 3:51:01 PM)
quote: ORIGINAL: Moonhead quote: ORIGINAL: tazzygirl Straight to the CEO. He'll probably just forward it to some jobsworth on minimum wage in the call centre (and India, probably). Which falls under the heading.. should have known... because it was sent directly to him.

willbeurdaddy -> RE: Executives to pay for health care fraud (6/1/2011 3:53:10 PM)
quote: ORIGINAL: MrRodgers The very function and the reason the corporation was created, so operators could be outright criminals and...get clean away with it.. WTF are you ranting about?

MrRodgers -> RE: Executives to pay for health care fraud (6/1/2011 3:57:45 PM)
quote: ORIGINAL: willbeurdaddy quote: ORIGINAL: MrRodgers quote: ORIGINAL: willbeurdaddy "Now, on top of fines paid by a company, senior executives can face criminal charges even if they weren't involved in the scheme but could have stopped it had they known" So CEOs are expected to be mind readers? Any convictions on this basis will never hold up in higher court unless it can be proven the CEO was negligent in not knowing. Don't ya just love capitalism ? "The problem with capitalism is...some capitalists." William F. Buckley Jr. Waste fraud and abuse even capital criminal activity...is and has always been a great profit center. This is the culture of capitalism, the same that killed the S & L industry, the same that cause 'The Bailout of Billionaires' the same one that has $billions yes billions missing at the Pentagon. The list goes on and on kinkroids. You didn't know that when you stopped at 7/11 that your 'buddy' was going to rob the store and kill the clerk..but you are going to die in jail because of it. The bailout was anti-capitalism, not capitalism. And there arent billions "missing" at the Pentagon. Sloppy accounting isn't the same as real money gone. And of course that has nothing to do with capitalism even if there were. It is the very essence of American capitalism. You can't say capitalism is the best, makes everybody richer, then when we see that it does nothing like it and the outright fraud and continue to see violations of law and 'civil settlements (cos-of-doing-business) then try to tell me...that's NOT capitalism. It most certainly IS capitalism. Our so-called 'capitalists' on wall street gambled with other people's money...to MAKE HUGE MONEY to enrich themselves at ZERO benefit to society and in fact having financially enslaved society, blew it out their ass and WE bailed their asses out. It's called socialism for the rich. Capitalism for the poor. You see crime in the ghetto and you call them criminals. I see crime on wall street I get to call them capitalists, criminals just like they were yesterday and will be tomorrow.

mnottertail -> RE: Executives to pay for health care fraud (6/1/2011 3:58:06 PM)
Sago mining disasters and their ilk, Exxon Valdez, BP, Love Canal, Johns Mansville, AllState Insurance, stuff like that. Nothing you would bother to know about or read up on.

MrRodgers -> RE: Executives to pay for health care fraud (6/1/2011 4:08:01 PM)
quote: ORIGINAL: willbeurdaddy quote: ORIGINAL: MrRodgers The very function and the reason the corporation was created, so operators could be outright criminals and...get clean away with it.. WTF are you ranting about? This whole post is about how with dusty old laws I never knew for sure even existed, finally empowering DOJ as having now established liability upon management, can go after corporate crime. (one reason every founding father save Hamilton...was against the corp.) The original idea behind the corporation was to privately profit while having no private liability. To the extent govt. can now go after management criminally for bad management...is a sea change in corporate capitalism.

willbeurdaddy -> RE: Executives to pay for health care fraud (6/1/2011 4:32:39 PM)
quote: ORIGINAL: MrRodgers quote: ORIGINAL: willbeurdaddy quote: ORIGINAL: MrRodgers The very function and the reason the corporation was created, so operators could be outright criminals and...get clean away with it.. WTF are you ranting about? This whole post is about how with dusty old laws I never knew for sure even existed, finally empowering DOJ as having now established liability upon management, can go after corporate crime. (one reason every founding father save Hamilton...was against the corp.) The original idea behind the corporation was to privately profit while having no private liability. To the extent govt. can now go after management criminally for bad management...is a sea change in corporate capitalism. I thought thats what you were ranting about, and as always you are totally wrong. There has NEVER been protection against criminal liability or negligence. The corporate veil is and always has been strictly for ASSETS.

mnottertail -> RE: Executives to pay for health care fraud (6/1/2011 4:37:43 PM)
And that should neither be. After all, I punch you dead in the goddamn face, all my assets are at risk.

thompsonx -> RE: Executives to pay for health care fraud (6/2/2011 2:21:00 PM)
quote: WTF are you ranting about? Please don't be obtuse.

Termyn8or -> RE: Executives to pay for health care fraud (6/2/2011 10:59:00 PM)
FR I am going to start up a company. Promise people the world and collect millions. Take credit cards and everything. By the time anything gets to court I will be off with millions in Dubai, and I will just do it again somewhere else. No problem as long as I can get a corprorate "shell". Fucking know nothing, even the best. Incorporate that which requiures a paper trail, and nothing else, like those other ffve little enterprises. Geez, yagotta tell some people everything. And if you make it halfway, privatize the gain and socialize the loss. It works. T^T

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