Posts Tagged fraud
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. [...]
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 [...]
No Justice For Cap West Securities Customers
Posted by admin in Fraud Recovery on January 19, 2012
by Brian Mahany
For months we have been reporting on the steady demise of brokerage firms tied to investments in DBSI, Medical Capital Holdings and Provident Royalties. Several firms have gone out of business as a result of selling securities in these companies to their investors. When a brokerage firm goes under, there is often little [...]
The Real Victim of Political Stalemate? The American Consumer
Posted by admin in Fraud Recovery on January 14, 2012
by Wassim Malas, JD, LLM
Despite the “I’m right and you’re wrong” rhetoric commonly heard in the political arena, most decisions by government officials probably lie somewhere between the two, at least when assessed from strictly objective principles. Richard Cordray’s appointment as Director of the Consumer Financial Protection Bureau (CFPB) is no different. [...]
Priest Candidate Asked To Leave Seminary Over Allied Fraud Case
Posted by admin in Fraud Recovery on January 14, 2012
by Brian Mahany
By now, most of our readers know that our firm is co-counsel with the United States government in the largest federal false claims fraud case brought against the mortgage industry - Allied Home Mortgage and its owner, Jim Hodge. Every large case involves all kinds of unexpected twists, turns and collateral actions. Our [...]
“Naming Names” or Blowing Smoke? Either Way, It’s Great Entertainment
Posted by admin in Fraud Recovery on January 10, 2012
by Brian Mahany
Two days before Christmas we posted a story about convicted Ponzi schemer (and disbarred lawyer) Scott Rothstein. Back then he said he was going to name names in a bid to reduce his sentence. When the story first broke, Rothstein had thrown his former bankers at banking giant TD bank under the bus [...]
Troubles In Paradise
Posted by admin in Fraud Recovery on January 6, 2012
by Brian Mahany
Aloha and greetings from Maui. We are here for a short family vacation - a few days to unwind, regroup and plan the new year. As I ate breakfast this morning I was struck by the headline in the local daily newspaper, The Maui News, “Heavy Surf Continues.” Life is a bit more [...]
Met Life Pays Wrong Beneficiary, Refuses to Correct Error
Posted by admin in Fraud Recovery on December 24, 2011
by Brian Mahany
We see many cases of insurance bad faith claims and this story is no exception. In a recent lawsuit, Jose Herrera sued Met Life after learning that Met Life paid the wrong person the proceeds of his late wife’s insurance policy. That sort of thing does happen and in most cases, the insurance [...]
Did TD Bank Help Ponzi Schemer Bilk Millions?
Posted by admin in Fraud Recovery on December 23, 2011
by Brian Mahany
Scott Rothstein is serving a 50 year prison term for operating the largest Ponzi scheme in Florida history, a massive $1.2 billion fraud. Now that he is effectively serving the rest of his life behind bars, Rothstein says he is setting the record straight and naming names. Is he really setting the record [...]
SEC’s New Approach to Enforcement
Posted by admin in Fraud Recovery on December 20, 2011
by Brian Mahany
It’s easy to pick on the SEC… just think Madoff and all the times that the agency failed to heed warning signs and whistleblowers in that case. Since then, the SEC has rolled out a powerful whistleblower cash award program and has initiated dozens of new enforcement actions. While we still criticize the [...]
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