Posts Tagged Fraud Recovery
Silent Screams – America’s Growing Elder Abuse Problem
Posted by admin in Fraud Recovery on May 16, 2013
Elder Abuse – It’s not exactly a household word. While everyone has a mental picture of what that term means, most people don’t know how widespread the problem has become. The very victims are often unable to report the problem – if they even know they are being victimized. Those that do realize that they [...]
Nationstar Mortgage Halted Foreclosure Proceedings in 23 States – Foreclosure Fraud
Posted by admin in Foreclosure Defense, Fraud Recovery on May 14, 2013
In the latest foreclosure fraud scandal to come to light, Nationstar Financial admitted that it halted foreclosure proceedings in 23 states after receiving multiple complaints from state authorities. The admission came to light in documents filed with the SEC. This admission comes at a time when Nationstar is trying to raise $1.4 billion in new [...]
Fake Drugs Represent New Whistleblower Opportunity
Posted by admin in Fraud Recovery on May 12, 2013
Fake and gray market pharmaceuticals represent a growing problem in the United States. Medical providers pressed by mounting costs sometimes resort to purchasing drugs manufactured in Turkey, India and other foreign countries. Unless produced in an FDA inspected facility, there is no way to insure those drugs are safe or even contain the prescribed amount [...]
Sad Day For Cabot Tenants In Common Investors (TIC Post)
Posted by admin in Foreclosure Defense, Fraud Recovery on May 12, 2013
We represent dozens of tenants in common (TICs). Many of our clients invested with Carlton Cabot and Cabot Investment Properties. No telling where Cabot is hiding these days although its pretty common knowledge that investors, regulators and even the feds are hot on his trail. Whether or not his investors will ever be made whole [...]
Lance Armstrong Named In Whistleblower Suit
Posted by admin in Fraud Recovery on May 9, 2013
by Brian Mahany Almost 2 years ago, Floyd Landis filed a false claims act (whistleblower) suit against teammate Lance Armstrong. That complaint remained under seal for over two years while the government investigated. Several weeks ago, the government intervened and adopted the action against Armstrong. The government seeks return of some $17 million in sponsorship [...]
4 Million And Counting – People Facing Wrongful Foreclosure
Posted by admin in Foreclosure Defense, Fraud Recovery on May 7, 2013
by Brian Mahany Some call it a national embarrassment. We call it a crime. Wrongful Foreclosure. It’s happened to millions of Americans and it still happening today. The Comptroller of Currency and the Federal Reserve say that as many as 4 million people were wrongfully foreclosed between 2009 and 2010. Some were promised a HAMP [...]
FINRA Issues Warning On Nontraded REITs – Stockbroker Fraud Post
Posted by admin in Fraud Recovery on May 3, 2013
by Brian Mahany We have written several times about the dangers of nontraded or thinly traded REITs. They are a popular way of investing in real estate but they can be difficult to sell or liquidate if an investor suddenly needs cash. There are other potential pitfalls as well. This week the Financial Industry Regulatory [...]
NBC Story Questions Validity Of Foreclosures – Foreclosure Fraud Post
Posted by admin in Foreclosure Defense, Fraud Recovery on May 2, 2013
by Brian Mahany We have been saying for years that America’s foreclosure process is a mess. No one knows who owns what. Robosigning, foreclosure fraud, forged documents, false affidavits, foreclosure mills… just a few years ago some of these terms were not even invented. Now they are common place. A recent investigation by NBC Bay [...]
EPA Violates Buy America Act – Whistleblower Post
Posted by admin in Fraud Recovery on May 2, 2013
by Brian Mahany There are three major laws that require public works projects to use American made products. Buy America, Buy American and the federal transportation funding laws require projects built with federal money to be built with U.S. made components. From steel to machinery, all of the components must be purchased here unless a [...]
Who’s Guarding The Hen House? Accounting Malpractice Post
Posted by admin in Fraud Recovery, Legal Malpractice on May 1, 2013
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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