Corporate Fraud Task Force
The 2008 report to the President from the Corporate Fraud Task Force is now available.
The Report says DOJ has obtained nearly 1,300 corporate fraud convictions since July 2002. This includes convictions of more than 200 chief executive officers and corporate presidents, more than 120 corporate vice-presidents, and more than 50 chief financial officers. Some of the significant criminal cases are described in detail in the Report, including the National Century Financial Enterprises, Inc. case. This case was prosecuted in Columbus, Ohio by the U.S. Attorney for the Southern District of Ohio and the DOJ's Criminal Division. The Report describes the case as "one of the largest fraud investigations involving a privately held corporation ever conducted by the FBI."
Of course, the Corporate Fraud Task Force prosecutes "significant financial crimes," not health care fraud offenses. Thus, the Report's statistics do not include all the convictions of individuals and entities for health care fraud. Because prosecuting fraud - health care, financial or otherwise -is never unpopular with the voters, expect more of the same in the future.
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