LITTLE ROCK, Ark. (KAIT) – Arkansas Attorney General Tim Griffin announced the arrest of a Forrest City woman accused of Medicaid fraud.
Griffin said Laronna Williams, 41, falsely claimed to have provided personal care services to Medicaid beneficiaries while working elsewhere. She also submitted claims for services allegedly provided to beneficiaries while they were hospitalized, even though those services were ineligible for Medicaid reimbursement. Medicaid was billed $52,510.72 for the fraudulent claims, Griffin said.
Williams is charged with one count of Medicaid fraud, a Class A felony.
“My office remains committed to protecting vulnerable Arkansans and ensuring that Medicaid fraud allegations are thoroughly investigated and prosecuted,” Griffin said. “I applaud the exceptional work done on this case by Special Agent Laura Glover of my Medicaid Fraud Control Unit.”
To report a typo…
Investment fraud targets the human desire for financial growth by promising high returns with “low to no risk.”
- Ponzi Schemes: Named after Charles Ponzi, these schemes pay “returns” to earlier investors using the capital brought in by newer investors. There is no actual underlying business; the system collapses when new recruitment slows down.
- Pyramid Schemes: Similar to Ponzi schemes, but participants are usually required to sell a product or service. The primary “profit” comes from the recruitment fees of new members rather than actual product sales.
- Pump and Dump: Fraudsters spread false, positive rumors about a cheap stock (the “pump”) to drive up the price. Once the price peaks, they sell their shares (the “dump”), leaving other investors with worthless stock.