Blood Money is the story of how a Silicon Valley CEO became a fraud fighter. It is an insider’s look at the David vs. Goliath struggle between one man seeking to save his company and stop taxpayers from being ripped-off, and healthcare companies engaged in massive fraud. Affecting millions of taxpayers, it is one of the biggest “hidden” stories in the healthcare world. Imagine running a superb business operating with the highest integrity — until squeezed out by a pair of companies engaging in one of the greatest predatory pricing schemes in the medical world. What do you do? Such was Chris Riedel’s dilemma, which led him to become one of the top medical fraud fighters in U.S. history, which he chronicles in this riveting true-crime book, Blood Money.
In Blood Money, Riedel exposes the underworld of medical fraud in unsparing terms. He begins with the Blood Brothers’ fraud against taxpayers, which pushed Chris and his attorney partners, Niall McCarthy (son of former Calif. Lieutenant Governor Leo McCarthy) and Justin Berger into action. Chris and his attorneys blew the whistle, and won a landmark $241 million settlement for the State of California taxpayers in a highly publicized 2011 case.
Chris is one of the top medical whistleblowers ever — and he’s still at it. He owned and was CEO of a highly regarded Northern California lab testing company, Hunter Labs. Some would say that Chris is a hero to taxpayers – a whistleblower not only going after medical fraud, but making sure that taxpayers do not get ripped off any further. In all, he and his partners have won cases totaling cases totaling over $550 million, which is what drives this now-retired man.