Posts Tagged fraud
Ex San Diego Mayor Squanders $1 Billion But Too Ill To Stand Trial (Fraud Post)
Posted by admin in Fraud Recovery on April 20, 2013
by Brian Mahany Politicians can be greedy like anyone else. Unfortunately, society is filled with people who would rather steal, cheat and commit fraud… anything but a hard days work. Former San Diego Mayor, Maureen O’Connor, is a bit different. She inherited millions after her husband Robert Peterson died in 1994. (Peterson was the founder [...]
Fraud Auditor Steals From Fraud Group
Posted by admin in Fraud Recovery on April 11, 2013
by Brian Mahany This is a story we simply couldn’t pass up. Robin Howard, former president of the Washington DC chapter of he Institute of Internal Auditors (IIA), has been accused of embezzling $30,000 from the Institute! An arrest warrant has issued. The job of an internal auditor is to insure adequate internal controls are [...]
Dow Chemical Suffers Billion Dollar Tax Shelter Loss – Accounting Malpractice
Posted by admin in Fraud Recovery, Legal Malpractice on February 28, 2013
by Brian Mahany When will they learn? Three times this month we have reported on big banks and corporations that have suffered major court defeats after attempting to claim questionable tax deductions. This week’s IRS victory against Dow Chemical is just one more nail in the coffin of abusive tax shelters. Wall Street bad boys [...]
BONY To Pay $114 Million To Defrauded Investors – Fraud Recovery Blog
Posted by admin in Fraud Recovery on February 25, 2013
by Brian Mahany Our firm concentrates in fraud recovery. Frequently the frauds we handle involve Ponzi schemes. By the time the fraud comes to light, there are very few assets to recover. Some victims rely on court appointed receivers. Sometimes that works but often the result is a recovery of just pennies on the dollar. [...]
Brits Fine Lloyds Banking Group For Payment Delays
Posted by admin in Fraud Recovery on February 20, 2013
by Brian Mahany We don’t discuss offshore stories very much unless it involves taxes. Seeing one of Great Britain’s leading dinged by regulators is worth discussing, however. Lloyd’s is one of the largest banks in Great Britain. Like some U.S. banks, Lloyds decided to offer payment protection insurance (PPI). This is the type insurance that [...]
Victims in Stanford Ponzi Scheme To Receive Less Than 1 Penny On The Dollar
Posted by admin in Fraud Recovery on January 30, 2013
by Brian Mahany Talk about depressing story titles. Sir Allen Stanford was convicted of the second largest Ponzi scheme in American history. In 2012 he was sentenced to 110 years in federal prison, a life sentence. His crime? A Ponzi scheme that caused $7 billion in losses, mostly to American investors. Suing Stanford to recover [...]
The Prophecies Of Doom – Bank And Investment Fraud In 2013
Posted by admin in Foreclosure Defense, Fraud Recovery, Legal Malpractice on December 31, 2012
by Brian Mahany On December 21st, I attended an outdoor doomsday party in New Orleans. The promoters anticipated 10,000 revelers for the big event. My guess is that 500 showed up. Evidently, not many people thought the world was ending or if they did, they found better ways of celebrating than drinking beer in New [...]
“Too Big To Jail” – The Politicians Respond (bank fraud post)
Posted by admin in Fraud Recovery on December 26, 2012
by Brian Mahany We have written many stories about big banks and mortgage companies. In our opinion, they are terrible corporate citizens and are directly responsible for the mortgage crisis and resulting recession. We believe that thousands of people have lost their homes and jobs because of the actions of Allied Home Mortgage, Bank of [...]
Choices In A Modern Day World – Fraud Recovery Blog
Posted by admin in Fraud Recovery on December 15, 2012
by Brian Mahany Some say that prostitution is the world’s oldest profession. Leaving aside whether the sex trade even qualifies as a “profession,” we believe that prostitution certainly wasn’t a crime until relatively recently. There were no “ladies of the night” roaming around during the stone age but fraud was around back then and can [...]
The Forgotten Investor (Protecting Investors From Fraud)
Posted by admin in Fraud Recovery on December 11, 2012
by Brian Mahany The headline in today’s Wall Street Journal reads “Insider – Trading Probe Widens.” Further down on the front page in smaller type is an article titled, “For Many Financial Advisers, Stocks Become A Hard Sell.” Is it any wonder why? While the Dow Jones Industrial Average is sitting at 13,200 this morning, [...]
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