The University of Medicine and Dentistry of New Jersey, the state's medical school, is being monitored by the Feds for such activities as Medicaid fraud, waste and no-bid contracts. Corzine appointed a new president within the past year. The monitor accuses the university of concealing a report which alleged that the university hired eighteen cardiologists as associate professors at $150,000+ per year. The problem was that the cardiologists needed to do nothing but refer their patients to the hospital's operating room.
It was not a bad deal for the university. They paid the cardiologists $6,000,000 and got back $36,000,000 from the government. Of course, if the allegations prove true, the fine will be substantial and probably exceed the $36,000,000.
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