Our justice system cherishes the sanctity of the attorney – client privilege. What you tell your lawyer is privileged. This doctrine applies in many areas of law including whistleblower lawsuits brought under the False Claim Act. In a previous post, we wrote about lawyers becoming whistleblowers. Can a lawyer be a whistleblower? The simple answer […]
Despicable Medicare Fraud Telemarketing Scheme Claim Settles
We all hate telemarketers. If there is anything that worse than telemarketing, however, it is Medicare fraud. Combine the two and you have a company called Med-Care Diabetic & Medical Supplies, Inc., at least according to some of its former workers. Earlier this month, a multimillion dollar Medicare fraud case brought by those workers settled. […]
Chicago MD Goes to Prison for Medicare Fraud
A Chicago area physician will be spending the next two years in prison. Last week a federal judge sentenced him to prison for 24 months followed by extensive supervised release. Prosecutors had asked for 34 months. His crime? Medicare fraud. According to a criminal complaint filed in September of last year, Dr. Arthur Davida falsely […]
More Bad News for Shale Bond Investors
Can things get any worse for holders of shale bonds and other oil and gas investments? The answer is “yes.” We hate to be the bearer of bad news but the price of oil dropped even more and is now at $34 per barrel. It’s lowest price since 2004. Topping that bad news are gasoline […]
Mass Transit Magazine
“WI: Menomonee Falls Firm to Pay $3M for Violating ‘Buy American’ Rules” by Bruce Vielmetti (88K) A Menomonee Falls architecture and construction firm has agreed to pay $3 million to settle civil and criminal charges that it defrauded the federal government’s “Buy American” rules for contractors. According to the U.S. Department of Justice, Novum Structures […]
Bad News For Shale Bond Holders – $100 Oil in 2040
The Christmas Eve edition of Financial Times is quite thin. The paper’s lead story (“US Banks Hit by Cheap Oil as OPEC Warns of Long-Term Low”), however, is filled with content, and none of it good for those holding shale bonds, junk bonds and bank stocks. According to the story, OPEC released a report saying […]
Watkins – Brashear Pleads to Illegal Kickbacks!
The Newark Watershed Conservation and Development Corporation once maintained Newark, New Jersey’s watershed. Supplying water to New Jersey’s biggest city is big task. The NWCDC is technically a not-for-profit private business but it operated as a quasi municipal corporation. Its revenues came from the city and the city’s mayor sat on its board of trustees. […]
Workers Score Huge Supreme Court Overtime Victory
The U.S. Supreme Court is hard to predict. In recent years, the court has often been divided and the recent, untimely death of Justice Antonin Scalia worries both labor and big business. This all makes yesterday’s win by workers against Tyson Foods a huge victory for those workers improperly denied overtime pay. The big victory […]
Whistleblower Collects $6 Million – A Christmas Story
One year ago on Christmas Eve at approximately 3:00 pm, I received a call from my banker. $50 million dollars had been wired into my account. Most of that was for my whistleblower client but because of the impending holiday, the large amount of money involved and security protocols, he and I would have to […]
Junk Bond Funds Have Trouble Honoring Redemptions
Shale bonds and other junk quality bonds were once the rage. They became so popular that a few mutual fund and hedge fund companies began marketing funds made of risky junk quality investments. Of course, no one used the word “junk.” Instead, promoters and stockbrokers used words such as “high yield” to help market these […]
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