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Posts Tagged Milwaukee fraud attorney

Sad Day For Cabot Tenants In Common Investors (TIC Post)

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 [...]

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Attorney General Confirms – Big Banks Are “Too Big To Jail” (Bank Fraud Post)

by Brian Mahany Wednesday was a sad day for the American public, good government and law enforcement. U.S. Attorney General Eric Holder appeared before the Senate Judiciary Committee and answered questions about the financial crisis and the response of the Justice Department. When asked why no big banks have been prosecuted, Holder admitted what we [...]

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Companies Brace For More Whistleblower Claims

by Brian Mahany According to a recent and well respected study conducted by Fulbright & Jaworski, corporate general counsels are bracing for a record number of whistleblower complaints this year. In 2010 and 2011, 22% of the respondents said they had faced allegations brought by a whistleblower. That number increased by a third to 29% [...]

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The Prophecies Of Doom – Bank And Investment Fraud In 2013

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 [...]

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Former Irish Bank Prez Arrested By Cops – Ireland Takes Bank Fraud Seriously

by Brian Mahany Because we have a thriving offshore tax law practice, we read many foreign newspapers. This morning I was happily surprised to read the Irish Central and see Sean FitzPatrick, former CEO of Anglo Irish Bank, wearing handcuffs and being lead into a Dublin criminal courtroom by uniformed cops. FitzPatrick ran Anglo Irish [...]

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“I Don’t Recall” – Confessions Of Bank Of America CEO Brian Moynihan

by Brian Mahany Bank of America chief executive officer Brian Moynihan’s deposition was just filed with the court after Thanksgiving. It reminds of some of the transcripts I have read dealing with mobsters. If there was an Academy Award or Oscar for the most stonewalling,  Moynihan would be a shoe-in. Insurance giant MBIA sued Countrywide [...]

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How Low Can They Go? Bank Of America Claims Death of Child Not A Hardship

by Brian Mahany By now, I should be numb to the suffering caused by Bank of America and other large lenders and mortgage servicers. That’s what they want but instead, I am fighting angry. So are millions of homeowners too. If you think we climb the soapbox a little too often in this blog, read [...]

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IRS Targets New Scheme In Employment Plan Arena – Captive Management Companies

by Brian Mahany People think that accountants and tax lawyers lead boring lives. Perhaps that may be true for some, but there is plenty of action these days with the IRS and their Employment Plans tax group. Recently, the IRS identified an “emerging issue” that it calls a potential Abusive Tax Avoidance Transaction. If you [...]

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J.P. Turner Brokers Nabbed After Churning Clients Account

by Brian Mahany 3 former stockbrokers at J.P. Morgan probably thought they were living the high life. According to a complaint filed with the Securities Exchange Commission, the trio generated  $845,000 in commissions while their customers lost $2.7 million. A complaint doesn’t mean any of the individuals have been convicted yet of doing anything wrong. [...]

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Bank Of America Keeps Fraud Settlements Confidential

by Brian Mahany A lawyer recently asked about Bank of America’s policy of confidential settlements. It’s a good question and one in which we know some of the answers. But of course, we can’t answer because, well… homeowners (and their attorneys) who sue Bank of America typically are not allowed to discuss the terms of [...]

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