by Brian Mahany We follow large fraud cases against auditing firms. Look no further than this blog for plenty of horror stories about auditors turning a blind eye to corruption and fraud. Unfortunately, the system is broken. How can an auditor truly be independent when he or she is dependent on the client to get […]
WellCare Settles Massive Healthcare Fraud
WellCare is a huge healthcare company serving almost 2.5 million patients in the United States. Headquartered in Tampa, the company is no stranger to litigation. Although any company of that size is likely to be sued, WellCare was wracked by several false claims act (whistleblower) cases that exceeded $1 billion in alleged losses. That kind […]
DOJ Settles Whistleblower Suit for $47 Million!
by Brian Mahany False claims act cases that bring in tens of millions of dollars are relatively common these days. Apart from the huge payday earned by the whistleblower, cases of this size don’t usually generate much interest. Last week’s settlement between the Department of Justice and the Bill Harbert International Corporation is different. The […]
Foreclosure Abuse – Law Firm To Pay $4 Million!
by Brian Mahany We are not big fans of the large mortgage lenders and servicers. MERS (Mortgage Electronic Registration Systems Inc.) is pretty far down on our list too. But besides from being overworked and often not returning calls for weeks, we don’t have too many bad things to say about the law firms that […]
Whistleblowers Reaping Millions From Mortgage Crisis
by Brian Mahany Since February, all the focus of mainstream media has been about how much of the $25 billion mortgage settlement will filter down to homeowners. For many the relief comes too late, although millions of homeowners remain underwater on their home mortgages. The story not being reported concerns the millions of dollars being […]
Why Do I Need A Lawyer – The Government Will Get My Money Back, Right?
by Brian Mahany There are no easy answers to most questions in Ponzi scheme cases. Often the money is simply gone. Finding hidden offshore money is hard enough – if there is even money to be found. Often victims are left wondering, “Will the government help me get my money back?” Unfortunately, the answer is […]
Former Bucks Player Indicted in Ponzi Scheme
[Updated 2021] It’s no secret that our headquarters office is less than a half mile from the Bradley Center, home of the Milwaukee Bucks. Although not a basketball fan, its hard to miss when a former Bucks player is indicted for allegedly operating a Ponzi scheme. Prosecutors in Newark, New Jersey unsealed a four count […]
Marcus Evans – Fraud or Scam? No! (Mea Culpa Post)
[Ed.Note Post updated March 2018] Several months ago (November 9th, 2011 to be exact), I wrote a post about Marcus Evans. For those not familiar with the company, it is a global provider of conferences and summits. According to their website and CEO, the company employs 3000 people and puts out about 2000 events per […]
Does The New FATCA Law Help Foreign Dictators?
by Brian Mahany Most of our posts are designed to help folks understand tax laws and to prevent people becoming victims of fraud. Although we often have strong opinions on tax policy, we try not to politicize this blog. Uncle Sam’s relentless pursuit of unreported foreign bank accounts and offshore income has generated many strong […]
Why It May Make Sense To Only Deal With Larger Brokerage Firms
by Brian Mahany My “in box” is likely to explode after people see the title of this post. But its true. Although large broker dealers and investment banks can fail (think Lehman Brothers or MF Global), smaller firms tend to fold far more often. An article by Bruce Kelly yesterday in the online edition of […]
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