A Hewlett, New York man stands accused of defrauding Medicaid out of more than $2.5 million by billing for specialized pediatric formula that was never provided. Prosecutors say thousands of invalid Medicaid claims were submitted, leaving children without essential nutrition and fueling the suspect’s lavish spending.

A proposed California wealth tax has yet to appear on the ballot, but it is already causing a stir among the state’s richest residents. In a bid to protect their fortunes, several billionaires are acquiring luxury properties in Miami, shifting both their lifestyles and investments eastward.