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Wellcare website is working and they have sent response out.
WellCare Responds to Government Investigation
No Impact to Continuing Operations
TAMPA, Fla.--(BUSINESS WIRE)--Oct. 25, 2007--WellCare Health Plans, Inc.
(NYSE: WCG) today announced actions it is taking in response to the
search warrant executed by federal and state agencies at the Company's
headquarters on October 24, 2007.
"We are responding to yesterday's developments in a direct, prompt and
orderly manner," said Todd Farha, chairman and chief executive officer.
"We are committed to cooperating with the government throughout this
process."
Consistent with the statement of the U.S. Attorney's Office yesterday,
this investigation has not impacted the Company's ability to serve the
best interest of its members, providers and business partners.
Simultaneous with its efforts to ensure that the business continues to
operate smoothly, the Company has undertaken a series of actions to
respond to the government investigation. Specifically, the Company has:
-Been in direct contact with its Board of Directors, including members of
the audit committee;
-Committed to cooperating with the federal and state authorities involved
in the investigation;
-Retained the law firms of King & Spalding and Greenburg Traurig to
assist the Company with responding to the investigation;
-Engaged with the Company's auditors, Deloitte & Touche LLP;
-Been in contact with key constituents, including state and federal
regulators in each of the Company's markets.
"Our primary focus is to make sure that our operations are runningservices for our members," said Farha.
smoothly and that we are continuing to pay provider claims timely,
answer our customers' calls and provide access to covered health care
I hope it did not escape your attention that one of Wellcare's directors sold 10,000 shares of company stock the same day that Bush vetoed the SCHIP bill (Oct 18th)
Are you saying Maszkowski made trades of over $1million a month all year? Otherwise, your point is a little dull.