The dramatic raid on WellCare, a large Tampa company once controlled and profitably taken public by a George Soros financial entity, is likely to result in a long and rigorous investigation. The United States Attorney leading the investigation is Jay Trezevant, of the Middle District of Florida. He appears to have both the expertise and experience to take this investigation into deep waters. He holds a master's degree in accounting and specializes in health care fraud. In addition, he has experienced in Qui Tam investigations, in which a whistleblower (often an insider) offers information and hopes to benefit from a portion to the recovered funds. Mr. Trezevant reportedly has realized his career dream by becoming a United States Attorney, and does not let his confinement to a wheelchair interfere with his life. This spells a tough, determined, and energetic man who will not allow obstacles to derail him. In another case, he is reported to have maintained that senior officials in another company, "were in an excellent position to observe the bookkeeping and bright enough to understand it, despite its complexity."
The same source maintains that Mr. Trezevant,
"...would pore over reams of cost data reports, examine scores of audits and talk with the whistleblowers for weeks before he could decide if the case had enough merit for the government to join."
We may have to wait a year or more for this investigation to conclude and move toward a possible indictment, if evidence merits in the US Attorney's eyes. But he appears to be a man who does his homework before taking such a dramatic step as raiding a company. So there may be little news coming for awhile. But this item bears watching.
Hat tip: Ed Lasky
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