Posted: Oct 14, 2013 4:58 PM by Russell Jones
BATON ROUGE - Blue Cross and Blue Shield of Louisiana today confirmed dozens of employees had been fired after lying to get access to their retirement accounts.
The company said 44 employees were terminated after filing false documentation to get a hardship withdrawal from their retirement plan accounts.
According to the IRS, hardship withdrawals can be made for circumstances such as medical expenses, evictions, burial or funeral expenses, and certain damage to property.
A Blue Cross spokesperson said the issue was an internal personnel matter, not a criminal matter. The spokesperson said integrity is core value for the company, and they take "immediate action" whenever it's compromised.