Tuesday, Feb. 20, 2007 | What is it going to take for this city to wake up and smell the fraud? Maybe this will help:
In 2002 J. Neal Purcell retired as Vice Chairman, National Audit Practice, KPMG, Intl. In 2003 Purcell joined Kaiser Foundation Health Plan’s Board of Directors. He was appointed Chair of Kaiser Foundation Health Plan’s Audit and Compliance Committee in 2004. His duties include supervision of Kaiser Foundation Health Plan’s independent auditor, KPMG, whose contract with Kaiser Foundation Health Plan was awarded in 2003.
Kaiser Foundation Health Plan retained KPMG to be its independent auditor as a direct consequence of its decision in 2003 to voluntarily comply with the Sarbanes-Oxley Act.
On October 28, 2003 Purcell, Halvorson and other individuals implemented the illegal agreement through illegal and unethical acts, including but not limited to bid rigging, in order to enable KFHP to retain KPMG as KFHP’s Sarbanes-Oxley Act independent auditor to perpetrate racketeering enterprise predicate acts.
Read the documentation here.