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Posts Tagged Wisconsin fraud attorney

TIC Hall of Fame or Wall of Shame?

by Brian Mahany Recently a client sent me a list of TIC promoters. I am not sure about the list’s accuracy but we certainly recognize many of the names. TIC– short for Tenant in Common – became a popular investment vehicle for people wishing to invest in large real estate projects. A TIC is a [...]

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Pension Plan Administrator Convicted Of Fraud (Employee Benefit Plan Scam)

by Brian Mahany Tens of millions of Americans invest for the future through employer sponsored 401(k) and other employee benefit plans. These plans allow workers to lower their taxes and provide retirement income. Depending on how the money is invested, there is always a risk of loss. In the case of Matthew Hutcheson, an Idaho [...]

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Company’s Attempt To Force Arbitration of Whistleblowers Claims Shot Down

by Brian Mahany Arbitration clauses are where many of the big legal battles are being waged these days. Employers and businesses want to force workers to arbitrate their claims. While there are sometimes advantages to arbitration, in many cases the arbitration clauses are biased against workers. We don’t automatically disfavor arbitration, however it has to [...]

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Rich vs. Poor (Corporate Fraud Blog)

by Brian Mahany As the Dow Jones industrial index pushes new highs and comes off the longest winning streak in 17 years, I paused to think today why our phones continue to ring off the hook with new fraud claims. When the markets and economy collapsed in 2007 & 2008, many Ponzi schemes were exposed. [...]

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From STARS to SLOTS – More Tax Shelter Woes For Accountants (Accounting Malpractice Post)

by Brian Mahany Last weekend we wrote about STARS, a controversial tax shelter program recommended by accounting giant KPMG. That “star” exploded like a super nova earlier this week when a U.S. Tax Court upheld an assessment of approximately $800 million against Bank of New York – Mellon. Today, Accounting Today reports that another KPMG [...]

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Dad Squanders Daughter’s Inheritance, Bank Liable

by Brian Mahany A 41 year old Florida man was arrested after being accused of stealing his daughter’s $58,000 inheritance. Published reports and court records reveal that Willie Lockridge was the father of the victim. Apparently the victim’s mother died in 2011 and left almost $59,000 to her daughter. The girl’s uncle was court appointed [...]

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HSBC Whistleblower Sues Bank For Retaliation

by Brian Mahany We have long called whistleblowers the new American heroes. It’s must be awful lonely to stand up against a huge multi-national corporation and defend what is right. More and more people are doing it, however. Unfortunately, sometimes big business thinks they are above the law and retaliates. Recently, HSBC was in the [...]

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Isn’t She The Tax Cheating Judge?

by Brian Mahany A report today from the Detroit News indicates that Justice Department officials have charged Michigan Supreme Court Justice Diane Hathaway with bank fraud. The U.S. Attorney’s Office in Detroit claims that Justice Hathaway and her husband hid assets in order to get ING to accept a short sale on their home. According [...]

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More Bad Ink For Morgan Stanley – This Time From ACLU

by Brian Mahany The nation’s big banks have received their fair share of bad press lately. Almost every day is a new horror story involving Bank of America, Chase, Citibank, Wells Fargo and Morgan Stanley. Today is no exception. The ACLU announced it sued Morgan Stanley for violating the Fair Housing Act and Equal Credit [...]

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Predatory Lending – Refinancing & Personal Guarantees

by Brian Mahany After the mortgage meltdown in late 2007 and 2008, many small community banks suddenly found their commercial loan portfolio was undercollateralized. The better banks gave borrowers plenty of notice that they would be requiring additional collateral – often in the form of personal guarantees and mortgages on the borrower’s residence. Some small [...]

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