To: Jordan Electron who wrote (22484 ) 4/17/1999 9:53:00 PM From: antibash Read Replies (3) | Respond to of 26163
Jordon, the boiler room is being watched! It's about time. HOT OFF THE PRESS Clinton Targets Telemarketers Preying On Seniors (Last updated 10:51 AM ET April 17) WASHINGTON (Reuters) - President Clinton took aim Saturday at illegal telemarketing schemes that often bilk senior citizens of their life savings. In his weekly radio address, Clinton said anti-crime legislation he will send to Congress next month will include measures to shut down the telephone service of illegal telemarketers. "First we must fight telemarketing fraud that robs people of their life savings and endangers their well-being," Clinton said. "This new law will send a message to telemarketers: If you prey on older Americans we will cut off your phone lines and shut you down." He said each year illegal telemarketing operations bilked Americans of an estimated $40 billion. More than half the victims are over 50. "That's like a fraud tax aimed directly at senior citizens," Clinton said. His crime bill will also give the Justice Department authority to investigate, prosecute and punish nursing home operations that repeatedly neglect and abuse their residents. "With prison sentences of up to 10 years and fines of up to $2 million, these new provisions make clear we will settle for nothing less than the highest quality care in America's nursing homes," Clinton said. The president also said he would propose steps to combat fraud in the health care industry. He said his bill would allow the Justice Department to take immediate action to stop false claims and illegal kickbacks and give federal prosecutors new tools to tackle fraud cases. The bill would give the attorney general new authority to stop such schemes under Medicare, Medicaid and state health care programs while they are under investigation. It would set civil penalties of $25,000 to $50,000 for individuals or groups involved in these schemes. And Clinton said his crime legislation would fight retirement plan rip-offs. "My crime bill will toughen penalties for people who steal from pension and retirement funds," he said. antibash,