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 […]
Bank of America Hopes To Skirt $1Billion False Claims Suit
by Brian Mahany Bank of America is back in the news. And once again, its not good news for America’s “Too Big To Fail, Too Big To Jail” banking giant. Last week, BoA asked a federal judge to toss a billion dollar false claims suit against it. The suit, brought by former Countrywide Senior V.P. […]
Whistleblower Opportunities Abound – Medicaid Fraud At All Time High
by Brian Mahany With all the press and media attention on big whistleblower case these days, one would think that fraud would soon go the way of smallpox, it would be eradicated. Unfortunately, as long as greed continues in our society, so will fraud. A couple weeks ago, Congress’ House Committee on Oversight and Government […]
SEC Pays First Whistleblower Award
by Brian Mahany One year after the SEC finalized the rules to its new whistleblower program, the Commission’s Claims Review Staff announced its first whistleblower award. An unnamed person received $50,000 for providing information that resulted in a million dollar fine. Some commentators were disappointed with the first award – awards under the false claims […]
Seeking Information – Force Placed Insurance
by Brian Mahany Unless you are in the banking industry or have fallen behind in your mortgage payments, most people don’t understand the term “force placed insurance.” For those in the know, it is the financial industry’s dirty little secret. A condition of almost every mortgage loan is that the homeowner must keep insurance on […]