A father and son from Watertown have each been despatched to jail for operating an elaborate lottery fraud scheme designed to complement themselves and assist prize winners keep away from paying taxes on their windfall, prosecutors mentioned.
Ali Jaafar, 63, and Yousef Jaafar, 29, each of Watertown, cashed in 14,000 profitable lottery tickets over a roughly 10-year interval, laundered greater than $20 million in proceeds, after which lied on their tax returns to cheat the IRS out of about $6 million, the U.S. legal professional’s workplace in Boston introduced Monday.
The Jaafars bought profitable lottery tickets at a reduction from individuals who wished to keep away from identification by the state lottery fee, which withholds taxes and excellent baby assist funds from payouts.
Medicaid to audit excessive worth medication
The Centers for Medicare and Medicaid Services mentioned Tuesday it’s planning to conduct a yearly audit to confirm the costs drug makers cost on a handful of the most costly prescriptions lined by Medicaid.
Drugs that value Medicaid probably the most cash — some as a lot as $2 million per therapy — will probably be chosen for the survey.
The proposal was prompted by rising drug costs and complaints from state leaders who say they’re having hassle negotiating these prices with producers, mentioned Dan Tsai, director of Center for Medicaid and Children’s Health Insurance Program Services.
“We’ve got very high cost drugs, who have no competition,” Tsai mentioned Tuesday.
CMS doesn’t have the facility to power drug corporations to vary how a lot they cost. But the administration hopes making extra details about how drug corporations arrive at their pricing publicly out there will put political strain on the drug corporations.
Source: www.bostonherald.com”