[Updated June 2019] Dr. Labib Riachi and his company, Center for Advanced Pelvic Surgery, must pay $5.25 million to settle a whistleblower complaint brought under the qui tam provisions of the federal False Claims Act. That law allows whistleblowers to file lawsuits on behalf of the federal government in cases where a healthcare practitioner has […]
Two Whistleblowers Help Feds Tag Fifth Third for $85 Million
In an unusual False Claims Act case, two whistleblowers accused Fifth Third Bancorp of defrauding the U.S. Treasury by overvaluing commercial properties. By artificially inflating the value of commercial assets, the bank increased the risks to TARP and the Federal Reserve and misled both regulators and shareholders about the bank’s financial health and stability. According […]
Law360 October 2015
“Dana Transport Says Banks Pushed It Into $500M Default” by Kat Greene, Law360 (103K) Excerpts from the story posted by Kat Greene on Law360 on October 8, 2015. “Dana never missed a loan payment and didn’t engage in mass layoffs,” lead attorney Brian Mahany told Law360 on Thursday. “This is the case of opportunistic lenders […]
Defense Contractor Hit with Two False Claims Act Suits
Defense contractors and overbilling seem to go hand in hand. Although anyone can make a mistake, the government and courts do a great job of insuring that the False Claims Act is only used for intentional or reckless conduct. Some defense contractors such as Boeing seem to be serial offenders and are frequently sued. Add […]
Protecting Our Heroes – Elder Fraud Post
When I was a child, my grandparents were my heroes. I think most kids feel that way and until they passed on, my grandparents were always heroes to me. It is probably more so today with many kids being raised by their grandparents. Unfortunately, for many reasons, our elderly citizens are also our most vulnerable […]
Breaking News – Pfizer Settles Whistleblower Case $785 mm
$785 million is a lot of money, even for big pharma. That is the amount that Pfizer is probably going to pay to settle two whistleblower cases alleging the pharmacy giant overcharged Medicaid for Protonix, a popular prescription heartburn drug. The federal False Claims Act and Medicaid regulations make it illegal to overcharge federally funded healthcare programs […]
Telling the Truth Pays Off – Whistleblower Post
When we were kids all of us had a defining moment when we were given the opportunity to tell the truth. Most of us made the right the choice. Some, however, thought they were smarter than their teacher /parent/ cops and figured they could get away with whatever they were suspected of doing. Those same […]
Doctor Loses Patients! Healthcare Fraud Post
An ophthalmologist from Leesburg, Florida is likely headed to prison after a federal jury found him guilty of 20 counts of healthcare fraud. Prosecutors say the 57 year old physician engaged in a multi-million dollar Medicare fraud scheme that hurt both taxpayers and patients. Each count of healthcare fraud carries a maximum 10 year sentence, […]
More Shale Bonds Defaulting? (Oil & Gas Investments)
The oil and gas sector has been pummeled lately and things just aren’t improving. That might be good news for motorists and bargain hunters with cash to invest but it is terrible for investors holding shale bonds. According to an article in the Oil + Gas Monitor, several more energy companies are in trouble and […]
Medical Biller Heads to Prison – Medicare Fraud
Medicare fraud is rampant. It is a disease found all over the United States. Dozens of people currently serving prison sentences for their roles in ripping off the taxpayer funded healthcare system. Earlier this year the Justice Department, FBI and Health and Human Services special agents arrested 243 people in a massive nationwide sweep. Most […]
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