Feinstein: Another Conflict of Interest
While the oversight committee in the US Congress ignores allegations that Senator Dianne Feinstein improperly influenced contract awards that benefit the Senator and her husband, another company in which her husband invests is under investigation in California. The company, which was near collapse before receiving a contract two years ago from Medicare, receives up to 30% in finders fees for mistaken payments. Appearing unable to approve any payment as valid, the company’s results improved ten fold over last year.
Stanford Matthews
MoreWhat.com
Posted on Fri, May. 18, 2007
Lawmakers scrutinize company’s rejection of Medicare claims
By David Whitney
McClatchy Newspapers
WASHINGTON -
Her husband’s business interests in PRG-Schultz have proved awkward for Feinstein, the state’s Democratic senior senator, as the hospital association turns to Congress for relief.This is not the first time the Blum’s business interests have collided with his wife’s job. Blum Capital Partners is a major investor in Northwest Airlines, which in 1995 won the first contract by an American air carrier to fly to Beijing. Feinstein had been friends with a former Chinese political leader since she was mayor of San Francisco.
More recently, concerns have been raised in Republican circles about some of Blum’s investments benefiting from defense contracts at a time when the senator was serving on Senate military construction appropriations committee.
Feinstein’s press aide, Scott Gerber, said the senator played no role in the legislation creating the auditing program and did not intervene with program administrators to help PRG-Schultz get the three-year contract in 2005.
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