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A Bad Bill Becomes Law When There Is More Interest In Enacting A Fix Than Fixing the Problem

In 2002, the Legislature enacted AB 55 creating the victims of corporate fraud fund. Since the fund was created, it has collected about $15 million and nearly 800 claims have been submitted. In a devastating article...more

Open Letter from Senate Finance Committee Seeks Fraud-Fighting Input

Yesterday the Senate Finance Committee posted an open letter on its website to the health care sector soliciting industry stakeholder insights on ways to combat fraud, waste, and abuse in the Medicare and Medicaid programs. ...more

The Legacy Of The Commissioner Who Was Indicted

In an earlier post, I wrote about Edwin M. (“Mike”) Daugherty who served as California’s Commissioner of Corporations from 1922 until 1926 and then from 1931 to 1954. He was succeeded by interim Commissioner Clifford J....more

CalPERS’ Annus Horribilis: How Much Worse Will It Get?

The news keeps getting worse for the nation’s largest public pension fund – the California Public Employees Retirement System. On Saturday, Los Angeles Times reporter Marc Lifsher reported in this story that CalPERS has...more

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