California fraud concerns ramp up as man pleads guilty to massive scheme using taxpayers as his 'piggy bank' [FOX News]
RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
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Source: FOX News
As concerns about rampant fraud continue to grow nationwide, particularly in California , federal authorities announced the guilty plea of a man charged in a scheme to defraud taxpayers out of hundreds of millions of dollars. Paul Richard Randall, 66, of Orange, California, has plead guilty to one count of wire fraud after local authorities say he billed Medi-Cal, California's version of Medicaid, more than $269 million and was paid out more than $178 million for "19 expensive, non-contracted drugs containing low-cost, generic ingredients that were not medically necessary, not provided, or both." Randall and his co-conspirators took advantage of a temporary rule change in Medi-Cal that removed the need for pre-approval on certain drugs. Using a pharmacy they controlled, they billed Medi-Cal huge amounts each month for expensive generic medications that normally would've required approval. Randall and his associates then laundered the illegal proceeds by routing money through a
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RELX
Sec Filings
- 4/1/26 - Form 6-K
- 3/23/26 - Form 6-K
- RELX's page on the SEC website