Concussion drug company (with ties to Brett Favre) ensnared in welfare fraud scandal

[TexasTowelie]

Concussion drug company ensnared in welfare fraud scandal plans relocation to south Mississippi ‘medical city’


When professional football legend and Mississippi native Brett Favre introduced the state’s top welfare officials to the founder of a company developing concussion treatment drugs, it set off a chain of events leading to what the state auditor calls the largest public embezzlement case in state history.

A Hinds County grand jury indicted the founder of Mississippi Community Education Center, Nancy New, and her son Zach New in February for allegedly transferring $2.15 million from a federal grant, Temporary Assistance for Needy Families, into personal investments in Prevacus. They’ve pleaded not guilty. The company is developing a pharmaceutical nasal spray called Prevasol which that, when used after a head injury, reduces harmful swelling and inflammation.

The founder of Tallahassee-based Prevacus, Dr. Jake Vanlandingham, told Mississippi Today that he signed an agreement with the nonprofit, Mississippi Community Education Center, outlining the goals of the program.

Separately, the state’s welfare agency, the Mississippi Department of Human Services, had awarded tens of millions of federal welfare dollars to the nonprofit. The former agency director, John Davis, was also indicted within the scheme and pleaded not guilty.

Read more: https://mississippitoday.org/2020/04/10/concussion-drug-company-ensnared-in-welfare-fraud-scandal-plans-relocation-to-south-mississippi-medical-city/