Allied Home Mortgage was once the largest privately held FHA lender in the United States. It wrote more mortgages than many big banks. That all came to a crushing halt in November 2011 when the U.S. Department of Justice intervened in a False Claims Act claim filed by a former branch manager turned whistleblower. At […]
Whistleblower Gets $228,750 in Chinese Import Case
Once upon a time, North Carolina was the source of much of America’s furniture. Today, many of those manufacturing jobs have gone offshore. We can’t stop furniture from being imported from China and other foreign countries but the government has constructed an elaborate customs and duties regime to try and keep the playing field level. […]
Health Information Coder to Get $5 Million Award
Coders and billing professionals are the backbone of the healthcare industry. Without proper coding, doctors, therapists and hospitals don’t get paid. Because of their unique position within the healthcare industry, a coder is often in the best place to spot fraud. As healthcare costs spiral out of control, the Centers for Medicare and Medicaid Services […]
BB&T Pays $83 Million Settles Mortgage False Claims Act Beef
Underwriting fraud is certainly back in the news these days. Earlier this week we posted a story about Regions Bank and their $52 million settlement with the Justice Department. Now the bank in the Justice Department’s crosshairs is Branch Banking & Trust Company, better known as BB&T. Both companies were prosecuted under a Civil War […]
BREAKING NEWS: Feds Bar Tax Cheats from Government Contracts
Finally common sense in Washington? Minutes ago federal contracting officials finalized a series of rules designed to keep tax cheats and felons from receiving government contracts. That it took so long to promulgate such a common sense rule is amazing. That big business fought so hard against these rules is even more amazing and quite […]
Shell Caught Double Dipping, Loses $170mm – Whistleblower Post
Double dipping – the dictionary defines the practice as “obtaining an income from two different sources, typically in an illicit way.” Thanks to an alert whistleblower, Shell was caught with its hands in the cookie jar and will lose not only $150 million in reimbursement monies but also must pay a $20 million penalty. The […]
Kwashiorkor, Upcoding, Medicare Fraud & Whistleblower Awards
Kwashiorkor and upcoding are not household words in the U.S. Many folks in the healthcare industry know the terms however. And in a weird way, they are usually related, at least in this country. We will start with Kwashiorkor first. Kwashiorkor is a severe form of malnutrition commonly found in very poor, developing countries. In […]
Watching the Hawks [Video]
Blowing the Whistle on Corporations w/ Brian Mahany Tabetha Wallace and Tyrel Ventura are joined by Brian Mahany, author of the book “Saints, Sinners & Heroes.” Joins us from LA to talk about his work blowing the whistle on corporations. [Ed. Note: Want more information about Brian’s amazon bestseller book on blowing the whistle? Visit […]
DOJ Whacks Regions Bank $52mm (Qui Tam Post)
Earlier this month, the U.S. Department of Justice announced that Regions Bank must pay $52.4 million to settle charges that it was underwriting shoddy loans. The Birmingham, Alabama bank that underwrote loans is accused or writing loans that it knew couldn’t pass FHA and HUD guidelines. The case was brought under the federal False Claims […]
The Street
Federal and State Regulations for Companies Disclosing Data Breaches Remain Murky When companies are breached, they are required by the SEC and state regulatory agencies, but the rules are vague and fraught with loopholes. by Ellen Chang | Link to original source (154K) The breach at Yahoo (YHOO) is likely the largest hacking incident to […]
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