To date we have represented over 100 TIC investors. All of them lost significant amounts of their savings in fraudulent TIC schemes. Stockbrokers sold most of these investments. Many of those bad brokers folded up their tents and simply closed their doors leaving investors with nothing. Thankfully, some investors do get lucky and get back […]
Incontinent Patients at Heart of Whistleblower Lawsuit
Survivors of colorectal, prostrate or bladder cancer often have special medical needs including a lifetime need for ostomy and continence care. Their suffering, however, was behind a corrupt Medicare scheme concocted by Coloplast Corp. That evil scheme was cut short by a whistleblower lawsuit filed in Massachusetts. Coloplast is the Minneapolis affiliate of a global […]
NJ Doc Pleads Guilty to Phantom Surgeries
“A stitch in time may save nine” but a New Jersey pediatrician is facing a lengthy prison sentence after billing Medicare for thousands of stitches and other wound repairs never performed. While pediatricians often stitch up kids who get cut up and suffer minor scrapes, the feds say Dr. Badawy M. Badawy didn’t actually perform […]
Filthy Pharma – Pyramid Laboratories
Much of the FDA’s energies are currently focused on pharmaceutical manufacturing in China and India but that doesn’t mean that everything in the United States smells like roses. Earlier this year FDA inspectors cited Pyramid Laboratories with numerous cGMP violations. Short for “current Good Manufacturing Practices,” cGMP regulations are designed to insure that the drugs […]
Stockbrokers’ Dirty Secret (Investment Fraud)
The Public Investors Arbitration Bar Association – PIABA for short – claims that nine brokerage firms mislead investors by claiming or suggesting they have a fiduciary duty to their investors. They don’t. Anyone in the industry knows that brokerage firms are allowed to advance their own self interests and can even elevate their own interests […]
Missing Humvees and Whistleblowers
The United States spends about $650 billion on defense spending. That is almost a trillion dollars – $1,000,000,000,000.00! With a budget that size and much of the money being spent in war ravaged countries, our armed services are bound to lose things. A recent report from watchdog.org, however, says we recently lost $500 million of […]
Ellwood Jones Revisited
We first wrote about stockbroker Ellwood Jones in March of 2013. Back then we were investigating Jones for selling a Ponzi scheme to customers. At the time, Jones already had two major blemishes on his record. Since that post things have gotten worse. Today he is out of the securities industry and his former employer […]
Has Wall Street Changed?
It was just 9 years ago that our economy began to tank. There was no magic cataclysmic event such as the Black Tuesday stock market crash of 1929. That day is widely believed to have ushered in the Great Depression. If the Great Depression started with a tsunami, the 2007 – 2008 crisis was more […]
Call to Whistleblowers – Hep C Drugs Cost Taxpayers $4.7 Billion!
Hepatitis C drugs are threatening to bankrupt the federal Medicare program. Spending on these new drugs has increased more than 15 fold in just one year. Some prescriptions cost taxpayers $1000 per day! Drug companies are having a field day feeding at the pubic trough but taxpayers are paying the bill. The huge costs are […]
LPL Broker Borrowed from Clients, Barred from Industry
Raymond Schmidt, a former stockbroker employed by LPL Financial, was barred from future employment in the financial industry. The Financial Industry Regulatory Authority (FINRA) claims he borrowed $2.25 million from his customers. Although borrowing money from clients is not illegal, it is frowned upon and most brokerage firms don’t let employees do it. Schmidt ran […]
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