CBS News exclusive: LA is "ground zero" for hospice fraud

California vowed to stamp out hospice fraud, but a CBS News analysis found sweeping red flags remain at hundreds of hospices across Los Angeles. National correspondent Adam Yamaguchi looks into what this means for your tax dollars.

CLICK HERE to read the FULL CBS News exclusive: LA is "ground zero" for hospice fraud article.

This type of fraud targets the supply chain and accounts payable departments of businesses.

• Invoice Manipulation: Criminals intercept a legitimate invoice between a supplier and a client and change the banking details to their own. The client pays the bill thinking they are paying their trusted vendor.
• Kickbacks and Bribery: A vendor secretly pays an employee of the purchasing company to ensure their bid is successful or to overlook inflated pricing.