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To: Sir Auric Goldfinger who wrote (25553)8/21/2001 4:12:15 PM
From: StockDung  Respond to of 34811
 
3:58pm 08/21/01 FBI searches PLMD offices in Florida (PLMD) By Michael Baron
Polymedica (PLMD) remains halted at $15.18. A media representative of the Federal Bureau of Investigation has confirmed for CBS MarketWatch that the bureau executed a search warrant this afternoon in relation to its criminal probe of the PolyMedica's Liberty Medical Supply operations. The spokeswoman said the FBI executed warrants at one office in Port St. Lucie, Fla., two offices in Palm City, Fla., five offices in Stuart, Fla., and two private residences in connection with the investigation. Polymedica's shares plunged in early August when reports and later confirmation of the probe - believed to be related to fraudulent Medicare billing - appeared. Eric Walters, a spokesperson for PolyMedica, wasn't immediately available for comment.