This blog is and here for the millionsl Americans who suffer and die every year for FDA corruption and medical industry greed.
Our mission is to end the FDA, jail its officials and corporate masters and return medicine to a noble endeavor by transferring it's stewardship back to caring professionals who will guide it by the spirit of the Hippocratic Oath.
Showing posts with label Mitt Romney Damon Corp. Show all posts
Showing posts with label Mitt Romney Damon Corp. Show all posts
We all know that Romney's Bain Capital bought companies and raped them for profit while laying off employees making it a huge job killer. Romney's unethical and criminal conduct did not stop there. Romney's Bain Capital bought Damon Corp and gutted it. For 3 years Romney was head of Damon Corp and during those three years Damon Corp, a medical testing corporations swindled millions in Medicare and Medicaid fraud. Romney should be in jail or be facing a firing squad for his thuggish corporate gangster behavior.
"While Romney was a director of the Damon Corp., the company was
defrauding Medicare of millions. Prosecutors called it ‘corporate greed
run amok.’ The company was fined $100 million. But Romney himself made a
fortune. Corporate greed … Medicare fraud. Sound familiar?"
The story begins in 1989, when Romney was the head of Bain Capital, a
private equity firm that specialized in buying troubled companies,
turning them around, and then selling them for a profit. That year, Bain
bought Damon Corp., a medical testing company based in Needham, Mass.
Bain took the company public in 1991, and Romney served on the
company’s board of directors. In 1993, Bain orchestrated a sale of the
company to Corning Inc., getting a handsome return on its investment and
earning Romney himself $473,000, according to The Real Romney. After the sale, Corning closed the main facility in Needham, laying off 115 people.
In October 1996, federal prosecutors announced that Damon was agreeing
to pay $119 million in both civil and criminal fines after pleading
guilty to defrauding Medicare. The company was providing doctors with
forms that didn’t make clear what tests included, so doctors were
checking off additional tests that weren’t necessary, according to the Globe’s summary of the government’s case.
The overbilling went from 1988 through 1993, prosecutors said. "This is
a case, pure and simple, of corporate greed run amok," U.S. Attorney
Donald Stern said when the settlement was announced.
Criminal and now Florida Governor Rick Scott started and ran hospital chain Columbia/HCA. It too was fined heavily for massive Medicare fraud. (You can read up on it here.) The ad’s initial claim, that while Romney was "a
director of the Damon Corp., the company was defrauding Medicare of
millions is true. Like criminal Rick Scott Romney was also involved with massive fraud. Both of these corporate gangsters should be in jail but as anyone know the filthy rich rarely serve time for their crimes.
Maybe reporters will do their job and grill this greedy gangster Romney on this. If I had my way I would water board that Mormon son of a bitch.
