Mesothelioma Lawyer Blog
Opinion – February 22, 2020
Is Steven Kazan Covertly Misappropriating Asbestos Trust Money to Pay Off Medicare Debts for Clients?
Everyone knows the Department of Justice is investigating Steven Kazan and Asbestos Trusts. For decades, Kazan, a “Trust Advisory Committee” Member for nearly every Asbestos Trust in the Country, has ‘raped’ Asbestos Trust Funds for his thousands of mesothelioma clients – absolutely destroying the Trust funds. Every present and future Asbestos victim receives less money from Asbestos Trusts due to Steven Kazan. But now the Department of Justice has come calling….and they want monies owed to the government. Many asbestos victims received medical payments through Medicare which (in some cases) triggers an obligation to reimburse the government for Medicare expenditures.
But what if a Firm (Kazan McClain) had not reimbursed the government for years or decades? What if the “kings of Double Dipping” (Kazan) had been deceiving the government for a decades? There could be tens of millions owed by Kazan’s clients. Is Kazan going to go back to his old clients and ask them to send him a check for the reimbursement? Certainly not! So how does Kazan come up with the monies owed? More misappropriation.
It’s estimated to be about $32,000.00 per case due to the government where Medicare reimbursement is triggered. It’s also estimated that Kazan has represented well over 3000 mesothelioma victims over the past 25 years. What if just 1/3 hadn’t paid their medicare obligation (say, 1000 old clients). 1000 x $32,000 = $32,000,000.00 owed to the government. Kazan certainly won’t reach in his pockets to pay the money….so how does he come up with it? Apparently – more Trust fund ‘theft’….
Can someone explain why – in the past 60 days with no warning/notice – multiple Trusts (all run by Kazan) have awarded Individual Review Claimants (mostly Kazan’s) tens of millions in additional funds? Pittsburgh Corning Asbestos did it (with Kazan reaping about $30,000,000.00 for his client/debtors). So did the NARCO Asbestos Trust (with another $20,000,000.00 going to Kazan). How can these Trusts run by Kazan just ‘peel off’ $50,000,000.00?
The only reasonable answer? Kazan’s clients owe the government millions for Medicare reimbursement and Kazan needs more money for his clients to pay off their debts! So what does he do? Kazan ‘misappropriates’ PCC Asbestos Trust funds and NARCO funds to pay off the debts (through self-dealing, insider dealing and fraud)….to further deceive the Department of Justice….
Unless someone can explain otherwise…it’s the only reasonable explanation…why the PCC and NARCO Trusts are paying Individual Review claims (mostly Kazan’s) millions in additional funds…
This guy (Steven Kazan) is a loser – Time for him to retire to his mountain of (stolen) money….
Steven Kazan – Asbestos Trust Fund Thief – Do Not Hire Steven Kazan
Kazan in the man most responsible for putting millions of Americans out of work, bankrupting over 50 Fortune 500 Companies, and then Misappropriating Victims’ Trust Funds….A Legacy of Fraud….