Monday, October 10, 2005

Spitzer's Medifraud Failure

The New York Post asks: Where's Eliot while NY gets defrauded out of billions?
October 10, 2005 -- Gee, what a difference a looming elec tion can make — plus a dazzling newspaper exposé on how your of fice slept soundly when it should have been prosecuting Medicaid fraud.
Indeed, it seems that as next year's race for governor nears, state Attorney General (and presumptive governor-elect) Eliot Spitzer suddenly is jockeying to be the Elliot Ness of Medicaid fraud.

In the past two weeks, Elliot — er, that is, Eliot — announced no fewer than five cases he's been pursuing in which the state wrongfully paid Medicaid bills.

Spitzer better move fast.

Because with each passing day, the feds increasingly seem to be doing the job state law has specifically vested in his office — no, not running roughshod over Wall Street or busting payola in the retail liquor business, but searching out and prosecuting Medicaid fraud.
Read the whole article here.

Tuesday, October 04, 2005

New poll

Democratic pollster Zogby releases the following:

New York Politician

Job Approval Rating

Gov. George Pataki

43%

Sen. Chuck Schumer

60%

Sen. Hillary Clinton

58%

A.G. Eliot Spitzer

66%

2006 Gubernatorial Match-ups

GOP Candidate

GOP %

Spitzer %

Randy Daniels

14

58

Tom Golisano

23

56

John Faso

14

59

Bill Weld

13

63


The "Spitzer's Competition" part of the sidebar has been updated...

A few possible candidates were eliminated and Randy Daniels was upgraded to green as he is officially running. (Also the URL of his website was updated to www.randydaniels.com)

[Editors note: Also Spitzer Watch readers should go over and visit my new website and blog at patricksemmens.com]

Sunday, October 02, 2005

Langone speaks out


Ken Langone, one target of Spitzer's "investigation" into Dick Grasso's NYSE compensation package demands an apology and debunks Spitzer's allegation that members of the NYSE board were duped.

Of course Spitzer never has even addressed the fact that it seems so farfetched that anyone seen as "worthy" of a seat on the New York Stock Exchange's board is probably not going to be just tricked into approving of a compensation package that goes against their interest as a equity holder in the NYSE.) Nor has Spitzer explained why Democrat bigwig Carl McCall got a pass in this investigation.

Here are the key passages from Langone's op-ed from the W$J:
Their testimony is clear and consistent. Of the six directors deposed thus far who served on both the compensation committee and the full board, each has said they were not deceived in any way. They all confirm that, as head of the NYSE compensation committee, I provided them and the board with complete and accurate information about Mr. Grasso's proposed compensation--and that they approved it.

Pressed for examples, they cited one-on-one meetings with compensation experts, committee meetings, conference calls, comprehensive written documentation, full board meetings, as well as annual presentations I gave both to the committee and the board that included detailed handouts and unfettered opportunity for discussion and debate.
He continues:
That's why the citizens of New York have a right to demand some answers of their own. How much taxpayer money, for example, has been spent so far to finance the attorney general's boondoggle of a case? And why? Even if he were to somehow prevail, the damages would be handed not to the state but back to the owners of the Stock Exchange, millionaires one and all--myself included.

New Yorkers know when their tax dollars are being squandered. They also know what a bully looks like and how to treat one. Mr. Spitzer may be a little lightheaded from all the puff-and-fluff coverage the media give him, but voters could soon deliver a reality check at the ballot box.
Indeed.