Health care is one of the fastest growing business sectors in South Florida and across the United States. With such tremendous growth, however, comes the possibility of wrongdoing. In recent months, several individuals have been arrested, charged or sentenced on fraud claims involving health care operations. Typically, these cases involve fraudulent insurance claims.
Anyone with eyes can see that residential construction is booming in Miami and throughout South Florida. Much of this boom is due largely to major, multi-million-dollar apartment and condominium developments. Given the increasing population in South Florida, the addition of so many new housing units will help to keep the area somewhat affordable for residents. However, with a boom in development there is usually also a boom in construction litigation.
Cryptocurrency is big business these days. People are hoarding and speculating in such currencies as Bitcoin, Litecoin, Ethereum and Ripple today like they did in gold and other precious metals in the past. The craze for the unregulated cryptos has led to the creation of investment funds, soaring prices with wild fluctuations and, of course, fraud. In South Florida, the similarities between today's hunger for cryptocurrencies and that for precious metals has not gone unnoticed, inviting comparisons between infamous gold fraud cases of the past and the $700 million in crypto fraud claims that arose in last year.
It seems that South Florida, along with the rest of the state, is regularly inundated with news of the next big fraud case in the Sunshine State. Lately, though, it seems a like a lot of the news centers on fraud claims in the health and insurance industries. In the last few weeks, for example, law enforcement agencies have busted people involved in property insurance fraud, while defendants involved in large-scale home health care and pharmacy fraud schemes received sizable sentences.