Attorney Brian Mahany joined seven U.S. Senators and other notables for a private celebration of today’s unanimous Senate resolution recognizing Whistleblower Appreciation Day. The Whistleblower Appreciation Day resolution recognizes the hundreds of citizens who report fraud and help recover…
National Whistleblower Day – Finally!
The House of Representatives is in recess. The Senate is finishing up debate on a cyber security bill and everyone is racing to leave Washington D.C. for the August recess. But some long overdue recognition was finally forthcoming today – passage of Senate Resolution 236, A Resolution Designating July 30, 2015 as National Whistleblower Appreciation […]
JP Turner Closed for Good! (Stockbroker Fraud Post)
JP Turner’s new owner is doing what the Financial Industry Regulatory Authority (FINRA) and the SEC should have done long ago. They are shutting the place down. Long plagued by regulatory problems and allegations of investment fraud, new owner Cetera Financial Group has invited about half of JP Turner’s stockbrokers to join another firm the […]
Bank of America, Others Accused of Market Manipulation
FOREX, LIBOR and now U.S. Treasury auctions. Some of the nation’s biggest banks have been accused of all sorts of market manipulations. A lawsuit filed this month suggests that the banking industry still hasn’t learned its lesson. The Boston Retirement System – the public pension fund for state and Boston municipal employees – filed suit […]
Judge Slams Prosecutors in False Claims Act Case
This is a story we don’t often see. A federal judge says the Justice Department undervalued a whistleblower’s contribution. That finding was recently made in a massive False Claims Act case involving Endo Pharmaceuticals. Typically the Justice Department champions the rights of whistleblowers. The government wants more concerned workers and insiders to come forward and report fraud. […]
Court Dismisses Ambulance Medicare Fraud Case
[Post Updated July 2020] A Florida judge has dismissed an ambulance Medicare fraud complaint brought by a former EMT whistleblower and the U.S Department of Justice. Such dismissals are extremely rare. The defendant, Liberty Ambulance, shouldn’t be celebrating just yet. The court gave the government an opportunity to refile the complaint. Whistleblower complaints alleging Medicare […]
California Insurance Frauds Prevention Act
[Post updated November 2019] California has one of the most generous and positive whistleblower climates within the United States. Like many states, California has false claims act that allows insiders with knowledge of fraud against the state or any of its subdivisions (counties and municipalities) to bring a lawsuit in the name of the state […]
Where Was The Whistleblower? – Toshiba Accounting Fraud
“Where was the whistleblower?” That is the question asked in today’s edition of AccountingToday, a leading online tax and accounting news service. The question was being asked in connection with a massive internal accounting fraud that took place at Toshiba, a leading Japanese manufacturing company. Evidence recently came to light that Toshiba was cooking its […]
Foreign Aid Fraud and The American Red Cross
Taxpayers spend billions of dollars each year to help people in need throughout the world. While most emergency relief and poverty reduction programs are centered on those folks living within the United States, last year we spent $23 billion on foreign aid. Unfortunately, because of corruption and limited resources, much of that money is lost […]
Securities America Broker Accused of Elder Financial Abuse
According to a complaint filed by the Massachusetts Securities Division, Securities America has been accused of failing to properly supervise one of its stockbrokers. The broker apparently ran a deceptive ad campaign aimed at senior citizens. The broker, Barry Armstrong (Armstrong Advisory Group), was not charged although he is the subject of a related cease […]
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