Archive for November 13th, 2017

DOL Gives Kiss of Death in “Healthcare Madoff” Scheme

Monday, November 13th, 2017

By Mark Flores

The Complaint also alleges multiple violations of ERISA including, using plan assets to pay excessive fees and expenses, assessing undisclosed fees to the contribution amounts, failing or refusing to pay approximately $16 million for member’s medical claims, then transferring unpaid monies to offshore bank accounts in Bermuda.