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To: Jordan Electron who wrote (22484)4/15/1999 11:51:00 AM
From: Janice Shell  Read Replies (1) | Respond to of 26163
 
Excuse me Jordan. You're not making a lotta sense here. And at a guess I'd say you've missed out on quite a bit of recent information about WellRich.

You should make a better effort to keep up.



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,