Dilbagh Singh, Paul Kirsch, Rao Nadella and Martin Jacobs are all physicians. In 2004 the four men filed a federal false claims action (whistleblower suit) against two other doctors and Bradford Regional Medical Center. The whistleblowers claimed that the hospital had purchased a nuclear camera that it neither needed nor ever took into its possession. […]
Justice Dept Casts Wide Net for Unreported Offshore Accounts
[Post updated June 2020] In May 2014, Kathryn Keneally, America’s top tax prosecutor, announced she was leaving the Justice Department but not before taking another shot at Americans with unreported foreign accounts. “It is a high priority for the [DOJ] to find those who continue to shirk their tax obligations, as well as those who […]
Former UBS Banker Gets Walk in Offshore Tax Evasion Case
Last October we reported on the indictment and arrest of Martin Lack, a Swiss investment adviser and former UBS banker. This week, Lack was sentenced to probation and a $7,500 fine for his role in assisting Americans evade taxes through unreported Swiss accounts. The “story behind the story” is why Lack walked out of court […]
SwissPartners Insurance – Another Tax Scam Exposed
For many years we counseled clients against 419 or so called “welfare benefit plans” sold by dubious Internet promoters. Those scams are now being replaced by “secret” offshore life insurance plans including those marketed by SwissPartners Investment Network AG and its affiliates SwissPartners Insurance Company, SwissPartners Wealth Management and SwissPartners Vericherung. Earlier this month the […]
Attorney Suspended For Role in Ponzi Scheme (Attorney Malpractice Post)
Attorney malpractice cases come in many shapes and sizes. The cases we usually see involve lawyers who miss deadlines or practice in a subject matter area they shouldn’t. Sometimes, however, we see cases where the attorney simply steals money or engages in other criminal behavior. Today’s post falls into the latter category, an attorney who […]
BC Capital Group Liquidators Run Short of Funds – Nikolai Battoo Post
There has been lots of press about suspected Ponzi schemer Nikolai Battoo – and none of good f0r investors. The SEC spent a year trying to track him down; right now he is believed to be hiding in Switzerland. People that we have interviewed say he is still living the good life while hundreds of […]
Chabad Leader Eli Weinstein Sentenced to 22 Years Prison
A leader of the Chabad movement in the New Jersey was sentenced to 22 years in prison for his role in masterminding a $200 million fraud. By some estimates, the fraud may be as large as $430 million. In February, Eliyahu Weinstein of Lakewood, NJ was sentenced to 264 months in prison. Now just a […]
When Good News Is Bad News – Fraud Recovery Post
There are two officials charged with returning money to the victims of Bernie Madoff. Irving Picard, the trustee appointed by the U.S. Bankruptcy Court, has collected billions of dollars but has limited payment of claims to those who invested directly with Madoff. That is great news for some folks, but tens of thousands of investors […]
Eric Holder – Empty Promises?
The headline in today’s USAToday reads: “Holder – No Bank Is To Big To Jail.” The story behind the headline addresses the Justice Department’s prosecution of Credit Suisse for allegedly helping Americans evade taxes by opening secret Swiss bank accounts. Unfortunately Holder’s words are empty. You can’t put a bank in jail. The feds can […]
Too Big To FAIL Really Means To Big To JAIL – Whistleblower Post
JP Morgan Chase – $2.39 trillion, Bank of America -$2.17 trillion, Citi – $1.88 trillion, Wells Fargo, BNY Mellon, US Bank… the list goes on. Four banks alone with more than a trillion dollars in assets and many are getting bigger by the day. All of the so-called “too big to fail” banks have been […]
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