UMDNJ federal accounting oversight

The University of Medicine and Dentistry New Jersey (UMDNJ) said it would accept federal oversight of its finances in the wake of a billing scandal that has seriously damaged the school's reputation. Yesterday, the Department of Justice warned UMDNJ that it faces criminal prosecution for overbilling the government Medicaid program by as much as $10 million over the past five years. A DOJ spokesman said the deal is the first time a public university has ever been assigned a federal monitor.

- see this article from The New York Times

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