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Beltone and GN Store Nord: What Kind of Fraud Was It?

The fraud was corporate, it was accounting, it was deliberate, it was a single rogue operator, it was well hidden, it wasn’t cash, it was US only, it was complicated, it was intelligent, it was  “irritating noise.” And now it’s officially over.  As they say in the US, Fuhgeddaboudit. That’s the party line taken in…

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Can We Talk? About Beltone Fraud?

“The biggest news item in this morning’s press release was that GN’s VP of Finance at its Beltone distribution network in the US– who wasn’t identified–has been accused of accounting fraud between 2012 and 2014 and dismissed.  The fraud was discovered at the end of June and the matter is under investigation.” (excerpted and paraphrased…

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Regulation of Hearing Aids in the US, part 3

The US Hearing Aid Industry Comes Under Scrutiny and Regulation by the FTC1 The industry’s expanding sales and capital were the result of technological innovation as well as intense marketing campaigns by the manufacturers.   Celebrity marketing and fake testimonials were a big part of these campaigns.  Luminaries ranging from Bob Hope to Bernard Baruch were…

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Regulation of Hearing Aids in the US, part 2

Electronic Hearing Aids At the turn of the 19th century, hearing aids underwent a technological revolution by emulating telephone technology.  The first electronic hearing aids used carbon microphones that modulated electrical current in response to sound pressure variations. Hearing Aids Become a Business Batteries and electronic components created a market for wearable amplification among people…

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