Archive for category Fraud Recovery
How You Can Join The Anti Fraud Team And Get Paid Too!
Posted by admin in Fraud Recovery on February 4, 2012
by Joe Bird
You hear about it all too often. Your neighbors tell you about schemes they heard about run by “those guys” or unnamed friends to make lots of easy money. Sometimes it a boast at a party or social event about making millions by evading taxes or calling something it is not and just [...]
Health Care Fraudster Busted
Posted by admin in Fraud Recovery on February 3, 2012
by Brian Mahany
Health care fraud costs the government and taxpayers billions of dollars. It is anything but a victimless crime. Fraud means higher insurance premiums causing some people to go without medical care. Because the federal government funds much of health care, taxes also go up when Medicare money is used to pay false claims. [...]
The Bully Behind the Curtain
Posted by admin in Fraud Recovery on February 3, 2012
by Joe Bird
Like many of you, at Mahany & Ertl we routinely encounter bullies and trash talkers. So often in the world of fraud, those who protest and threaten the loudest are the biggest frauds and bullies. As in the Wizard of Oz, they just need a determined canine of modest proportions [...]
Marcus Evans UPDATE
Posted by admin in Fraud Recovery on February 3, 2012
Back on November 9th, we posted a blog titled “Marcus Evans, Good Deal or Scam? You Decide.” That blog immediately generated two responses from former employees - at least emails from people who claimed to be former employees. Their letters suggested a very unhappy workplace. There is more to the story, however.
Our blog post also [...]
Zealous Legal Advocacy or Criminal Conspiracy?
Posted by admin in Fraud Recovery on January 29, 2012
by Brian Mahany
A recent Reuters article sheds light on how Sir Allen Stanford was able to avoid detection and arrest for well over a decade. When finally arrested in 2009, Stanford was believed to have presided over one of the largest Ponzi schemes ever - $7 billion in misappropriated funds. Unlike the Madoff case where much [...]
Morgan Keegan Gets Zapped in 401(k) Plan Case
Posted by admin in Fraud Recovery on January 26, 2012
by Brian Mahany
Morgan Keegan has been around since 1969. With 300 offices and 3000 employees, it certainly is one of the more established regional brokerage firms. Unfortunately, even well established firms sometimes employ “bad apples.” Morgan Keegan is no exception. Earlier this month, an arbitration panel of the Financial Industry Regulatory Authority (FINRA) ruled against [...]
Merrill Lynch Gets “Unsportsmanlike Conduct” Award
Posted by admin in Fraud Recovery on January 26, 2012
by Brian Mahany
Walter Schlaepper (a/k/a Phil Scott) has been a broker with Merrill Lynch since he received his general securities license back in 1984. Apparently he has built quite a book of business. Along the way, however, he picked up some complaints. One of those complaints was from former Boston Red Sox world series winner [...]
America’s Unsung Heroes
Posted by admin in Fraud Recovery on January 23, 2012
by Brian Mahany
This post is being written from the Pittsburgh International Airport. While waiting for my flight I purchased a copy of the Pittsburgh Post-Gazette to read about the death of Joe Paterno. In addition to the many stories on the life and death of “Joe Pa” was this headline, “Doctors at Erie Practice Accused [...]
Ponzi Scheme and Investment Fraud Red Flags
Posted by admin in Fraud Recovery on January 21, 2012
[Ed. Note - the following article was written by Tracy Coenen, a CPA located in Chicago and Milwaukee and is reprinted in its entirety from her blog. As Tracy notes at the end of her story, an asset recovery attorney can help you get back money no matter where it is hidden. Finding the money [...]
FINRA Notifies Brokers of “Heightened Supervision of Complex Products”
Posted by admin in Fraud Recovery on January 21, 2012
by Brian Mahany
The Financial Industry Regulatory Authority issued a formal notice to stockbrokers earlier this week. The notice (12-03) advises of “heightened supervision” of complex financial products and echoes what we have said for years; don’t buy something if your broker can’t explain or you don’t understand it!
FINRA defines a complex product as a financial [...]
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