[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 to Receive $361,000 in Land Mine Detector Case
Two former executives of CyTerra Corporation became whistleblowers and are now slated to receive $361,000 for their efforts in uncovering pricing problems with their former company. CyTerra manufactures portable land mine detectors for the U.S. military. Earlier this month federal prosecutors settled with the company for $1.9 million. In 2003, the Army contracted with CyTerra […]
Elder Abuse Post: Bank VP Charged With Stealing From Elderly Client
Elder abuse happens daily. Because it’s victims are often incapacitated or to scared to seek help, the problems don’t get the attention they deserve. Some elder abuse victims are so ill they don’t even understand that they are being victimized. As a society, we hope that caring family members, lawyers, social service providers and bankers […]
One For The Record Books – Fannie Mae Settles Ponzi Scheme Case
Once upon a time, nearly a decade ago, the Federal National Mortgage Association – Fannie Mae – filed suit against a Brooklyn based mortgage company, Olympia Mortgage. When the complaint was filed in 2004, the real estate market was red hot, Fannie Mae was a privately owned company and few imagined the coming housing market […]
Justice Delayed – The Story Of Anderson Scott Hall & Abaco Securities
From 2006 through 2011, Anderson Scott Hall and the company he ran, Abaco Securities International, were household words in Jacksonville, Florida. Abaco conned many Duval County teachers and administrators into turning over their hard earned savings. Prosecutors say millions in savings. Hall’s clients were promised stable, secure investment returns from 6 to 18%. Instead of being invested, […]
Inspector General Vacancies Hurt Whistleblowers
We were caught off guard this morning by a Wall Street Journal report revealing that several federal agencies had not filled Inspector General (IG) vacancies. Some agencies, like the State Department, have not had an inspector general since 2008! There are 78 inspector generals in the United States. Or at least there should be. Many […]
Whistleblower Leads To Fed Probe Of Prominent Miami Developer
Many federal investigations begin with a complaint from a concerned employee or citizen; a whistleblower. From a story in today’s Miami Herald, it appears two whistleblowers are behind the federal investigation of Carlisle Development Group and its CEO, Matthew Greer. Until now, both the company and Greer had spotless reputations. Press reports say the feds […]
Tenants In Common Fraud Leads To Award Against Broker
A Tenants in Common fraud claim resulted in an award against a major brokerage firm earlier this month. According to records obtained from the Financial Industry Regulatory Authority (FINRA), ProEquities was hit with a $448,000 arbitration award last week after a customer complained about a failed tenant in common investment. Suzy Asad filed a complaint […]
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 […]
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 […]