Three executives from an AI ploy to deny health care to seniors are buying a troubled mega-practice from the bankrupt Steward Health. What could go wrong?
bankruptcy
Posted inHealth and Social Policy
Let Them Eat Invoices
Steward grifter Ralph de la Torre, supposedly under criminal investigation on two continents, is now telecommuting from Versailles.
Posted inEconomic Policy
Treasury Foresaw the Synapse Collapse Two Years Ago
An agency report detailed how fintech ‘neobanks’ could fall into the regulatory cracks. Nobody managed to patch them up, and now depositors can’t retrieve their own money.
Posted inLaw and Justice
Judge Appoints Trustee in Synapse Bankruptcy Mess
An independent monitor is tasked with helping over 200,000 fintech customers get access to their money. But huge funding discrepancies remain.
Posted inEconomic Policy
Fintech Fight Leads to Hundreds of Thousands of Frozen Accounts
The chaotic bankruptcy of a middleware platform called Synapse has impacted numerous fintech companies, whose users are locked out of their savings.
Posted inEconomic Policy
The Raiding of Red Lobster
The bankrupt casual restaurant chain didn’t fail because of Endless Shrimp. Its problems date back to monopolist seafood conglomerates and a private equity play.
Posted inHealth and Social Policy
Sam Bankman-Fried Is Not Entirely Wrong
FTX’s victims are getting up to 143 percent of their money back, because the system treated it like the fraud it was. As the Steward case shows, that’s not usually how bankruptcy works.
Posted inHealth and Social Policy
Steward Health Care’s Latest Fantasy Story
Why the bankrupt chain’s numbers don’t add up
Posted inHealth and Social Policy
A Hospital Heist Seeks Protection in the Ponzi-Friendliest Court in America
Steward Health just filed for bankruptcy in Houston’s scandal-plagued, private equity–pilled bankruptcy court.
Posted inHealth and Social Policy
Company Behind Joe Namath Medicare Advantage Ads Has Long Rap Sheet of Misconduct
The firm formerly known as Benefytt pocketed millions selling sham insurance to seniors and other consumers.
