0 0 8 . ▁ ▁L uns ford ▁served ▁as ▁the ▁CE O ▁of ▁both ▁companies ▁until ▁res ign ing ▁in ▁ 1 9 9 9 , ▁and ▁remained ▁the ▁Chair man ▁of ▁Vent as ▁until ▁ 2 0 0 3 . ▁ ▁A ▁civil ▁claims ▁suit ▁in ▁ 2 0 0 1 ▁alleg ed ▁that ▁Ven cor ▁know ingly ▁submitted ▁false ▁claims ▁to ▁Medic are , ▁Med ica id , ▁and ▁TR IC A RE , ▁the ▁military ' s ▁health ▁care ▁program . ▁Ven cor ▁maintained ▁that ▁they ▁had ▁committed ▁no ▁wrong do ing ▁and ▁continued ▁to ▁dispute ▁the ▁claims ▁until ▁after ▁L uns ford ▁left ▁the ▁company . ▁ ▁Ven cor ▁later ▁settled ▁the ▁case ▁for ▁$ 1 0 4 . 5 ▁million , ▁including ▁$ 5 4 ▁million ▁for ▁alleg ed ▁impro per ▁claims ▁in ▁Medic are ▁cost ▁reports , ▁$ 2 4 ▁million ▁for ▁alleg ed ▁over b illing ▁in ▁resp ir atory ▁care ▁services , ▁and ▁$ 2 0 ▁million ▁for ▁alleg ed ▁failure ▁of ▁care ▁claims . ▁ ▁The ▁company ▁did ▁not ▁admit ▁any ▁wrong do ing ▁in ▁the ▁settlement . ▁ ▁L uns ford ▁has ▁been ▁involved ▁as ▁an ▁invest or , ▁director ▁and ▁advis er ▁to ▁many ▁other ▁start - up ▁business es ▁through ▁L uns ford ▁Capital ▁and ▁has ▁also ▁been ▁active ▁in ▁thorough bre d ▁horse ▁racing ▁and ▁independent ▁film ▁production . ▁ ▁L uns ford ▁has ▁rac ed ▁several ▁grad ed ▁st akes ▁w inners , ▁including ▁Mad cap ▁Esc ap