January 24th, 2012. President Obama addressed the nation in his State of the Union speech and told Americans that those responsible for the housing market crash would be held responsible. While few bankers have been sent to prison – and none from America’s “Too Big To Jail” banks – whistleblowers have helped the Justice Department […]
Heads on Beds – Assisted Living Facility Whistleblowers Post
[Post Updated through 2019] Whistleblowers play a critical role in the fight against rising healthcare costs. The biggest area of fraud – one that costs the government billions of dollars in fraud annually – is the Medicare program. Because Medicare is subsidized with tax dollars, healthcare providers that bill for unnecessary or poor quality services […]
Whistleblowers Key to Fighting Government Fraud
The federal government loses billions of dollars to fraud every year. Mortgage companies falsify documents in order to earn commissions on loans. When the borrower can’t pay, the FHA or Fannie Mae steps in – your tax dollars. Ditto for doctors that bill Medicare for unnecessary services or services not even performed. Same for vendors […]
Lance Armstrong Named In Whistleblower Suit
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 […]
Crisis Of Confidence – America's "Too Big To Care" Banks
by Brian Mahany It’s been a half decade from the dark days of the 2007-2008 financial crisis. Since then, most banks have paid back their TARP monies, government regulators have subjected banks to numerous “stress tests” to insure they are financially stable and Congress passed dozens of new laws to better regulate banks. There is […]
"Too Big To Jail" – The Politicians Respond (bank fraud post)
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 […]