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DCGO.US
id: 1058, Created by , Scout

DocGo (DCGO) Medicare Fraud and Forged Documents Case

  • On January 10, 2024, Fuzzy Panda Research released a report accusing DocGo (DCGO) of committing Medicare fraud and forging signatures on medical documents.
  • On it, $DCGO fell 37.58%, losing $187M+ of shareholder value.
  • Investors may have grounds to suspect MiMedx Group of fraudulent activities, which led to their losses.
On January 10, 2024, Fuzzy Panda Research released a report entitled “DocGo – Allegations of Fraudulent Billing Practices & Forging of Documents.” Fuzzy Panda stated that “through former employee interviews and never before seen lawsuits we discovered serious allegations that DocGo (DCGO) has allegedly been committing Medicare fraud and having employees forge signatures on medical documents.”

On this news, on January 2, 2024, $DCGO fell 37.58% and lost over $187 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect DocGo of failing to timely disclose its fraudulent activities, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10 January 2024
Collecting participants…

DocGo Inc

DocGo Inc. provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company's transportation services include em...

    Ticker
    DCGO.US
    ISIN
    US2560861096
    CIK
    1822359
    Sector
    Healthcare
    Industry
    Medical Care Facilities
    Country
    USA
    Address
    35 West 35th Street, New York, NY, United States, 10001