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 […]
Defense Contractor Whistleblower Gets $1.8 Award
A former project manager for Science Applications International was awarded $1.8 million for exposing a massive overbilling scheme according to an AP story carried in the Ventura County Star. Prosecutors claimed the company over charged the government for homeland security training programs. Science Applications is a Virginia based defense contractor that employs over 40,000 people […]
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 […]
MD Convicted Of Health Care Fraud – Shocking Scheme Revealed
by Brian Mahany Just two days ago we posted a story about health care fraud. 48 hours later and another sad story of patient abuse emerges; patient abuse for profit. The United States Attorney for New Jersey, Paul Fishman, announced a 68 year old cardiologist pleaded guilty to one of the largest health care frauds in […]
Feds Fine Mortgage Insurers – New Opportunity For Whistleblowers
by Brian Mahany and Anthony Dietz The Consumer Financial Protection Bureau – CFPB for short – was formed less than 2 years ago but has proven itself to have some muscle. Although Congress failed to give the agency the power to toss bad bankers and fraudster in jail, it has proven itself quite adept at […]
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% […]
Crowd Funding For Whistleblower Efforts
by Brian Mahany Crowd-funding has yet go main stream yet and many such efforts are scams. One that gets our attention and admiration, however, is being run by Edward Seidel. He hopes to ultimately raise $2 million to fund the investigation of whistleblower claims. Investors would have the opportunity to share in any future awards. […]
More News On Phone Subsidy Mess – Whistleblower Opportunity
by Brian Mahany Just one week ago we posted an article about the developing controversy with the federal cellphone Lifeline program. A report first published in the Wall Street Journal said that as many as 41% of the 6 million participants in the program may not meet federal eligibility guidelines. This number was based on […]
"Rat Thy Neighbor" Goes Mainstream
by Brian Mahany The headline on the front page of the Weekend Investor section of today’s Wall Street Journal reads “Should You Blow the Whistle on Your Neighbor?” Apparently some 10,000 people have done just that according to the IRS. Turning in tax cheats in the hopes of getting a cash reward is nothing new. […]