Let’s face it… “Investment Fraud and Powers of Attorney” is not a very sexy title for this blog post. It’s effects, however, can be devastating. Recently the Maine Supreme Court upheld a ruling against an unlicensed stockbroker who drained his mother’s account of her life savings. While his mother was dying in a nursing home, […]
Milwaukee Journal Sentinel
A lawyer from a boutique Milwaukee firm recently scored part of the biggest False Claims Act settlement against the banking industry — $16.6 billion dollars from Bank of America.
It’s just another day (away from) the office for Brian Mahany. His client Shareef Abdou was one of three…
Whistleblowers Share Over $170M in Bank of America Settlement
Under the Whistleblower Act — also known as the False Claims Act, or FCA — the details behind 16 lawsuits involving the Bank of America, and that bank’s settlement for nearly $17 billion in August of this year, were kept secret, until Thursday, December 18, when they were “unsealed.” Whistleblowers involved in exposing the frauds by the bank and its Countrywide Financial subsidiary will share more than $170 […]
Feds Launch Whistleblower Suit in Nursing Home Kickback Case
The U.S. Department of Justice has intervened in two whistleblower cases filed against Omnicare Inc. The government claims Omnicare accepted kickbacks from a major pharmaceutical company, Abbott Laboratories. They believe that Abbott paid Omnicare in the hopes promoting increased usage of an anti-epileptic drug among nursing home patients. Former employees Thomas Spetter and Meredith McCoyd […]
WICN Public Radio
Did you know the you can file a “whistleblower” case under the “False Claims Act” which allows an insider to file a sealed lawsuit on behalf of the People of the United States against any company or organization that defrauds the government or public at large? If you’ve never heard of this before…
$43 Million Gas Station? False Claims Act Post
Back in 1986 when Congress was debating whether it should breathe life into the False Claims Act, Americans were treated to many tales of government contractors run amuck. The Los Angeles Times told of ordinary claw hammers sold to the navy for a “mere” $435 a piece. Or plastic toilet seats that were sold to […]
CPA Charged With Embezzling Funds – Accounting Malpractice
A New Orleans CPA has been charged with embezzling $1.8 million from a client. Federal prosecutors charged Paul Gardner, age 57, with a single count of wire fraud. A CPA for 30 years, Gardner allegedly began his criminal career in 2010 after being hired by a local oil company to do bookkeeping and payroll work. […]
Walgreens Sanctioned $1.1mm for Whistleblower Retaliation!
Whistleblower retaliation is illegal but ask anyone who filed a False Claims Act case against their employer while still employed and chances are good they suffered from some form of retaliation. Acts of retaliation can range from blacklisting to being shunned by co-workers to termination. One pharmacist who blew the whistle against Walgreens was awarded […]
If We Don’t Do It, Somebody Else Will… Whistleblower Post
“If we don’t do it, somebody else will.” That is a quote from an article by Wall Street Journal reporter Christina Rexrode. When written, Christina was with the Charlotte Observer, the home town newspaper in Bank of America’s home town of Charlotte, North Carolina. Rexrode wrote an excellent feature piece on the intersection of finance and ethics. […]
Anti Money Laundering and Whistleblowers
America’s primary anti-money laundering law is the Bank Secrecy Act. That statute dates back to 1970. When originally enacted by Congress, lawmakers and regulators were worried about the money laundering activity of drug dealers and organized crime. During the last 45 years, the mafia has faded in its prominence but the government’s anti-money laundering “AML” […]
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