Maryland becomes the newest state to propose a comprehensive state whistleblower law. Introduced by Maryland State Attorney General Brian Frosh, the new package is designed to reduce fraud and help close the state’s budget deficit. Since the first false claims act legislation was enacted by the federal government during the Civil War, state and federal […]
Send in the Clowns – Tax Evaders and Tax Protesters
The title of this post, “Send in the Clowns,” is admittedly a bit harsh. We have previously represented several tax protesters in both audit defense and criminal investigations. None of them are clowns, however the promoters feeding them bad advice often were. The government’s budget is over $4 trillion dollars these days. In light of […]
Bank of America and HSBC – "Source of Shame"
“Source of shame”, those are the words used by HSBC CEO Stuart Gulliver to explain his bank’s recent bad behavior. While anyone can make a mistake, no two banks have received as much recent bad publicity as HSBC and Bank of America. While respectively they are Europe’s biggest bank and America’s second largest bank, the […]
Jersey Doc Accused of Medicaid, Medicare Fraud
[Post updated June 2019] Medicaid and Medicare fraud are federal crimes. Defraud a government backed healthcare program and you could go to prison for 10 years. If someone is harmed as the result of the fraud the maximum penalty is 20 years! One might think that would stop many would-be fraudsters from committing these crimes. […]
Small Time Bank, Big Time Fraud (Whistleblower Post)
Last month the U.S. Department of Justice charged Gary Patton Hall with 6 counts of bank fraud and one count of defrauding the United States. Until its failure in late 2010, Hall was the CEO of Georgia based Tifton Banking Co. State officials shut down the bank in November of that year after it became […]
What’s a Billion Dollars? (Whistleblower Post)
What’s a billion dollars? To a big bank, not much! Bank of America, Wells Fargo, JPMorgan Chase and Citi reported a combined total of $5.3 billion in litigation expenses last year. That’s how accountants record the huge fines and penalties on corporate books. The year before the total was $28.3 billion. (We are happy to […]
Jason Kronick (New Jersey) Named in Securities Complaint
The securities industry employs hundreds of thousands of people. Most have clean records and are honest. Not every stockbroker is good at what they do but most play by the rules. And then there are folks like Jason Kronick. This week the Financial Industry Regulatory Authority – FINRA – filed formal charges against Kronick claiming […]
TARP Fraud Ripe For Whistleblower Lawsuits
[Post updated May 2018] The former vice president of Eastern Tools and Equipment was arrested earlier this week on charges of bank fraud and criminal conspiracy. Chung Yu “Louis” Yeung was indicted in October but not arrested until this week. Prosecutors say that he defrauded United Commercial Bank of $9.2 million dollars. UCB later went […]
The Philadelphia Inquirer Feb 24, 2015
The Internal Revenue Service and the Securities and Exchange Commission are still reviewing allegations that Vanguard Group Inc.’s unusual business structure operates in violation of federal tax law, according to attorneys for former Vanguard tax lawyer David Danon, who brought the allegations to…
Clouds Hang Over Indian Pharma (Whistleblower Post)
Several weeks ago we wrote about Ranbaxy Laboratories, an Indian pharmaceutical company that exports millions of dollars worth of drugs annually into the United States. A former manager-turned-whistleblower brought a False Claims Act case against the company. He accused the company of selling misbranded and adulterated drugs. Ultimately, Ranbaxy paid $350 million in fines and penalties […]
- « Previous Page
- 1
- …
- 105
- 106
- 107
- 108
- 109
- …
- 191
- Next Page »