Nuclear Reactors, Foreign Steel and Whistleblowers
U.S. regulations require projects built with federal dollars to be built with American made steel. Every piece of steel made in the U.S. or imported here comes with a certification. Not only does that...
View ArticleCyberhacking Update – IBM Says Banks Won’t Discuss Details
It’s hard to fight an enemy you can’t see. Cyberhacking is often carried out by computer geniuses operating halfway across the world. They operate in the darknet and collaborate in chatrooms. Often...
View ArticleDoes Universal Health Services Kidnap Patients?
Universal Health Services is the largest psychiatric services provider in the nation. Last year the company treated approximately 450,000 patients. With 200 facilities, the company serves patients in...
View ArticleKickbacks, RICO and the Pharmaceutical Industry (Insys Post)
Last week the Justice Department indicted six executives of Insys Therapeutics, a publicly traded pharmaceutical company. All are charged with criminal violations of the federal RICO statute (Racketeer...
View ArticleNorth Carolina Medical Biller Gets 9 Years for Medicaid Fraud!
A Greenville, North Carolina medical biller was sentenced to 108 months in federal prison after pleading guilty to Medicaid fraud and identity theft charges. Donnie Lee Phillips II will be eligible for...
View ArticleINVESTIGATION: Clayton Homes, Vanderbilt Mortgage, 21st Mortgage
Clayton Homes… by far the biggest player in the mobile home industry. Along with Vanderbilt Mortgage and 21st Mortgage and 25+ other companies, the Clayton Home empire is huge. And it just may be the...
View ArticlePlatinum Partners Hedge Fund Ponzi – Where Are the Banks?
Platinum Partners hedge fund is beginning to look like a Ponzi scheme. A very large Ponzi scheme. The New York Times says it could be one of the largest since Bernie Madoff. As much as $1 billion may...
View ArticleNorth Carolina Medical Biller Gets 9 Years for Medicaid Fraud!
A Greenville, North Carolina medical biller was sentenced to 108 months in federal prison after pleading guilty to Medicaid fraud and identity theft charges. Donnie Lee Phillips II will be eligible for...
View ArticleFlorida Eye Clinic Accused of Medicare Fraud
Two former billing supervisors have accused the Florida Eye Clinic of a massive Medicare fraud scheme. William Lovell and Rochelle Mendez say the clinic billed Medicare for services never rendered....
View ArticleWhistleblower Retaliation Case Leads to $1.4 Million Fine
SandRidge Energy agreed to pay $1.4 million to settle charges that it fired an engineer for blowing the whistle on how the company calculated its oil and gas reserves. The company also settled claims...
View ArticleWells Fargo, PNC Hit with Huge Fines for Cybersecurity Lapses
The Financial Industry Regulatory Authority (FINRA) fined several financial services firms a total of $14.4 million for failure to properly safeguard customer records. Fourteen securities dealers...
View ArticleNY Pension “Pay to Play” Scheme Examined (FCPA Post)
What do the Foreign Corrupt Practices Act (FCPA) and the recent “pay to play” indictment of a former New York state pension system portfolio manager have in common? Plenty! The details of the...
View Article$95 or 10 Years in Prison? Medicaid Fraud Post
A basic first aid and CPR course from the American Red Cross costs just $95 and a few hours of time. Instead of making sure his personal care workers were properly trained in CPR, Dwaine and Dynetta...
View ArticleCyberhacking and the FDIC (FIRREA Whistleblower Post)
We post many stories about the need for banks to increase their defenses against cyberhacking. The Federal Reserve, Office of Comptroller of the Currency (OCC) and the FDIC all regulate banks and...
View ArticleUSFS Settles Crisis Era False Claims Act Mortgage Fraud Case
The financial crisis of 2007 and 2008 occurred almost a decade ago. The fall out, however, continues. Many people lost their homes. Americans were asked to pony up hundreds of billions of dollars to...
View ArticleReverse Mortgages – New Class Action Opportunity
In December, 2016, the Consumer Financial Protection Bureau (CFPB) took direct aim at the issuers of reverse mortgages. The agency inked consent orders with three of the largest issuers of reverse...
View ArticleDisabled Man’s Mother, Sister Indicted for Medicaid Fraud
Georgia has a very generous Medicaid program that allows eligible people with developmental disabilities to receive home care. Called the Comprehensive Supports Waiver Program (COMP), folks who are too...
View ArticleFeds Nab 6 More for Bribery of Foreign Officials (and the Officials too!)
I once read a quote that said, “You don’t necessarily need atomic bombs to destroy a nation. Politicians who value their pockets than the life of citizens always do that every day.” Despite years of...
View ArticleMahanyLaw Files Class Action Lawsuit Against Molina Healthcare
FOR IMMEDIATE RELEASE: Hispanic Doctors, Law Firm Accuse Molina Healthcare Company of Stealing Pay from Physicians (Milwaukee) The fraud recovery lawyers at MahanyLaw filed a class action lawsuit on...
View ArticleThe Last Post Crisis Deal? Probably Not – Credit Suisse Whistleblower Post
The headline in Banking360 this morning was “Credit Suisse Pays $5.3B In Possible Last Post-Crisis Deal.” Is this the last “post crisis” deal? Heck no! That would imply that banks and mortgage lenders...
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