By Charlie Hayward
For MarylandReporter.com
Several board members of the University of Maryland Medical System have, in the words of Del. Ric Metzger at a hearing Friday, been caught with their hands in the cookie jar.
Indeed, revelations over possible conflicts-of-interest (COI), self-dealing, and potential ethics violations involving the University of Maryland Medical System (UMMS) and at least nine board members raise numerous red flags from an auditor’s perspective.
Taken together, these red flags indicate board members aren’t the only parties caught with their hands in the cookie jar because the potential exists for violations of laws or regulations (or even fraud) perpetrated both by board members and/or UMMS management.
While no such allegations have been made to date, three UMMS board members have resigned; as many as four others have taken leaves of absence; and the board has asked UMMS’ President and CEO Robert Chrencik to take a leave of absence effective March 25. These resignations and leaves of absence, however, don’t necessarily signify wrongdoing.
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The head of the UMMC just took a leave of absence and refused to testify at the Md. Senate hearing. By the way, his annual salary is $4.2 Million a year, plus free million dollar home, 24 hour limo with driver and a 'living allowance'. And don't forget the golden parachute retirement.
ReplyDeleteHe is just the tip of the iceberg. Don't ignore the four or five dozen who are directly under him drawing similar 'benefits'.
And Congress can't figure out why medical costs are so high.