The Institute for Cancer Prevention has announced that it will pay $2.3 million to settle charges that it violated the False Claims Act. The suit had charged that IFCP unlawfully used federal grant money to pay bills that were not eligible for reimbursement under its federal grants. The company had derived nearly all of its revenue from federal grants and contracts.
The company, based in Valhalla, NY, declared bankruptcy in 2004 and is no longer operating.
The North Country Gazette ran a story on the settlement on January 16, 2007.