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Posts Tagged Detroit fraud lawyer

Who’s Guarding The Hen House? Accounting Malpractice Post

by Brian Mahany Two of the biggest brokerage industry failures last year were Peregrine Financial Group and MF Global Holdings. In August of last year we covered the Peregrine story after the firm’s CEO attempted suicide and left a note confessing to a massive theft from customers. At that time, we questioned why the firm’s [...]

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The Fallacy Of Criminal Restitution

by Brian Mahany It’s only human to hang on to the hope that criminals will redeem themselves and pay restitution. While it’s okay to hope and pray for the best, waiting on cops and courts to collect restitution from criminals is not a good recovery strategy. In many instances, purchasing a lottery ticket my have [...]

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Pension Plan Administrator Convicted Of Fraud (Employee Benefit Plan Scam)

by Brian Mahany Tens of millions of Americans invest for the future through employer sponsored 401(k) and other employee benefit plans. These plans allow workers to lower their taxes and provide retirement income. Depending on how the money is invested, there is always a risk of loss. In the case of Matthew Hutcheson, an Idaho [...]

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Company’s Attempt To Force Arbitration of Whistleblowers Claims Shot Down

by Brian Mahany Arbitration clauses are where many of the big legal battles are being waged these days. Employers and businesses want to force workers to arbitrate their claims. While there are sometimes advantages to arbitration, in many cases the arbitration clauses are biased against workers. We don’t automatically disfavor arbitration, however it has to [...]

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Rich vs. Poor (Corporate Fraud Blog)

by Brian Mahany As the Dow Jones industrial index pushes new highs and comes off the longest winning streak in 17 years, I paused to think today why our phones continue to ring off the hook with new fraud claims. When the markets and economy collapsed in 2007 & 2008, many Ponzi schemes were exposed. [...]

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Zombie Stockbrokers – Land of the Living Dead – Stockbroker Fraud Post

by Brian Mahany Zombie horror is quite the rage these days in the entertainment industry. Movies, TV shows… even my local Barnes & Noble retailer has an entire section of books devoted to the living dead. While the zombies in the entertainment industry are imaginary, debarred stockbrokers and investment advisers really do come back from [...]

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Attorney General Confirms – Big Banks Are “Too Big To Jail” (Bank Fraud Post)

by Brian Mahany Wednesday was a sad day for the American public, good government and law enforcement. U.S. Attorney General Eric Holder appeared before the Senate Judiciary Committee and answered questions about the financial crisis and the response of the Justice Department. When asked why no big banks have been prosecuted, Holder admitted what we [...]

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Bank of America – Still Too Big To Care (Wisconsin Foreclosure Post)

by Brian Mahany It’s been several months since we wrote a mortgage foreclosure post. Our hope was that the recent national settlements and court approved monitors would help big banks clean up their mortgage messes. Unfortunately, we see little progress.  Although the total number of foreclosures is down, the ones that remain are often a [...]

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More News On Phone Subsidy Mess – Whistleblower Opportunity

by Brian Mahany Just one week ago we posted an article about the developing controversy with the federal cellphone Lifeline program. A report first published in the Wall Street Journal said that as many as 41% of the 6 million participants in the program may not meet federal eligibility guidelines. This number was based on [...]

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Detroit Corruption An Opportunity For Whistleblowers

by Brian Mahany Last week I was in Detroit for business. As I drove by the U.S. courthouse, I remarked at the half dozen news vans parked outside the building. The taxi driver reminded me of the on-going criminal corruption trial of former Detroit Mayor Kwame Kilpatrick. Detroit residents know all about corruption. Unfortunately, Detroit [...]

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