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"...WellCare CEO Resigns, Paul
Behrens, CFO, and Thaddeus Bereday, General Counsel, have also
resigned...(WellCare) is being investigated...for allegations it
inflated the amount it
spent...to keep money it should
have refunded to Florida’s
Medicaid program... reinsurance
arrangements with a Cayman
Islands subsidiary allowed the
company to misrepresent outlays
for care..."
(right)
Todd S. Farha (used to be)
CEO/President/Director/Chairman of the
Board at Wellcare Health Plans, Inc.,
Tampa, Florida.
After the FBI raid, Government fraud
investigation Todd got the boot!
(euphemism is he "resigned")
Read this from
The Wall Street
Journal... |
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| WellCare fraud investigations
In the news...full story |
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| "...after congressional committees accused WellCare Health
Plans of Medicare marketing abuses, the company promised to fix
its problems." |
| "...more than 200 federal and state agents swarmed
WellCare’s campus on Henderson Road in Tampa..." |
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| Were WellCare's directors tipped
off about the coming FBI raid? |
| Insiders
Todd Farha CEO, Paul Behrens CFO and General Counsel Thaddeus Bereday
sold shares
of stock for millions just weeks before the government raids on WellCare.
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All 3 men have since been fired (the official
euphemism is "resigned"). The question in my
mind is how did they time their sales of stock
holdings so perfectly? Look at the graph of when
they sold and the 84% decline in stock value
after the government raid. Is this a smoking gun
of yet another crime besides fraud; such as
insider trading? |
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