Feds Investigate BoA, Chase, Citi, Others – Bank Overtime Post
“That didn’t take long!” That is the reaction on Wall Street to the Comptroller of the Currency’s (OCC) announcement that it is looking into the incentive compensation structures of several large and...
View ArticleFrom Shadow Branches to Shadow Banks… (Whistleblower Post)
One of the biggest banks frauds in recent history was that perpetrated by Allied Home Mortgage. As I type this post, a federal jury trial is underway in Houston to determine whether Allied and its...
View ArticleCFPB to Examine Discriminatory Lending Practices (Whistleblower Post)
The Consumer Financial Protection Bureau (CFPB) sent warning notices to 44 mortgage companies and lenders warning them that they may be out of compliance with federal mortgage data reporting...
View ArticleShip Pollution Cases Increasing, Whistleblower Awards
Today’s Wall Street Journal carried a grim story for those in the shipping industry. According to the Journal, “none of the world’s biggest container shipping companies is likely to post a profit this...
View ArticleBiggest “Boondoggle” in History? Whistleblower Post
Several geothermal power plants connected to Ormat Technologies, Inc. have agreed to pay $5.5 million to settle a fraud complaint brought under the federal False Claims Act. That law allows a...
View Article10 FLA Assisted Living Facility Owners Charged with Medicare Fraud
Ten individuals who own and operate assisted living facilities (ALFs) in the Miami metro area have been criminally charged with federal healthcare fraud. The Department of Justice says the men and...
View Article“My Family Thinks I’m a Fraud for Working at Wells”– FIRREA Post
There was an article yesterday in CNN Money titled “Inside Wells Fargo, Workers Say the Mood is Grim.” Thats where I found the title quote above. For years, the “too big to fail” banks have been “too...
View ArticleBank of America Accused of Gouging Ex Inmates – FIRREA SEC Post
There are both evil people in this world and ordinary people who make mistakes. Sometimes those people go to jail. Over 99% of those incarcerated are ultimately released. And in Arizona, when they are...
View ArticleWhy Wells Fargo Spawns Greed and Corruption (Whistleblower Post)
Lately we have been posting a tremendous amount of content about America’s third largest bank, Wells Fargo. Certainly there is plenty to write about. Everyday at least one media outlet carries a story...
View ArticleRed State, Blue State – Construction Whistleblowers Can Rejoice
While millions of Americans were glued to their televisions last night waiting to see if Hillary or Donald Trump won the presidential election, there were over $200 billion of transportation...
View ArticleBrian Mahany Discusses Election And What It Means to Whistleblowers
No sooner were the election results tabulated when we received calls from two whistleblower clients, both anxious about how a Trump presidency effects their case and whistleblowers generally. Both have...
View ArticleCustoms Duties and Tariffs Whistleblower Claims to Soar under Trump
The jury is out on President -elect Trump. As I write this, the whistleblower bar is in turmoil. Will Trump support big pharma’s efforts to gut the False Claims Act? Will he repeal Dodd Frank (the law...
View ArticleTesco Bank Cyberhacking State Sponsored? FIRREA Post
Tesco Bank is a well known UK bank. Created with the help of the Royal Bank of Scotland, Tesco today enjoys 7 million customer accounts. Confidence in the bank was badly shaken this week when the bank...
View ArticleLawyer, Flop House Operators Charged with Medicaid Fraud
Don’t think that people charged with Medicaid fraud only wear white lab coats. Home health aides, billing specialists, pharmacies, hospitals, third party billing companies, patient recruiters and yes,...
View ArticleDraining the Swamp – Big Biz and Lobbyists (Whistleblower Post)
We are currently locked into a huge battle with Uber. David versus Goliath. Underpaid Uber drivers against a company worth $66 billion dollars. Despite its huge size, Uber wants to be even bigger and...
View ArticleLincoln Financial Unit Fined for Cybersecurity Breach
A Lincoln Financial Group subsidiary was fined $650,000 by the Financial Industry Regulatory Authority (FINRA) for a 2012 cybersecurity breach that allowed hackers to penetrate a cloud based server and...
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Accounting Today
In the Blogs: The Season Approaches by Jeff Stimpson | Link to original source (119K) Highlights of some of our favorite tax-related blogs from the past week. Like it is TaxMama: Following “a total...
View ArticleDr Death Declares His Innocence… from Prison! (Farid Fata MD)
Nothing surprises us anymore. The biggest threat to this country and we taxpayers isn’t ISIS, it isn’t terrorism, it isn’t even politicians. It is fraud. It’s occurring at record levels and much of it...
View ArticleOppenheimer & Co. Hit with $3.4 Million Penalty
Money laundering concerns, litigation, unreported customer complaints… it sounds like something from the movie Wolf of Wall Street and the infamous Stratton Oakmont brokerage firm. Sadly, these are...
View ArticleMedicare Fraud to Murder? Man who Owed Money Murdered
Readers of this blog know that we have long claimed that Medicare fraud is not a victimless crime. Often patients are harmed, receive substandard care or receive treatments and drugs they do not need...
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