Scooter Store Bankrupt After Medicare Audit Uncovered Fraud

The Scooter Store, which claims it has given 700,000 senior citizens back their mobility, has itself run aground. The company this week filed for Chapter 11 bankruptcy, listing assets of $1 million to $10 million and liabilities of between $50 million and $100 million. Major creditors include the Centers for Medicare and Medicaid Services (CMS), which, according to the filing, is looking to collect $19.5 million--the amount the Scooter Store previously had agreed to repay the U.S. government...Full Story
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