Whistleblower Retaliation Case Leads to $1.4 Million Fine
SandRidge Energy agreed to pay $1.4 million to settle charges that it fired an engineer for blowing the whistle on how the company calculated its oil and gas reserves. The company also settled claims...
View ArticleWells Fargo, PNC Hit with Huge Fines for Cybersecurity Lapses
The Financial Industry Regulatory Authority (FINRA) fined several financial services firms a total of $14.4 million for failure to properly safeguard customer records. Fourteen securities dealers...
View ArticleNY Pension “Pay to Play” Scheme Examined (FCPA Post)
What do the Foreign Corrupt Practices Act (FCPA) and the recent “pay to play” indictment of a former New York state pension system portfolio manager have in common? Plenty! The details of the...
View Article$95 or 10 Years in Prison? Medicaid Fraud Post
A basic first aid and CPR course from the American Red Cross costs just $95 and a few hours of time. Instead of making sure his personal care workers were properly trained in CPR, Dwaine and Dynetta...
View ArticleCyberhacking and the FDIC (FIRREA Whistleblower Post)
We post many stories about the need for banks to increase their defenses against cyberhacking. The Federal Reserve, Office of Comptroller of the Currency (OCC) and the FDIC all regulate banks and...
View ArticleUSFS Settles Crisis Era False Claims Act Mortgage Fraud Case
The financial crisis of 2007 and 2008 occurred almost a decade ago. The fall out, however, continues. Many people lost their homes. Americans were asked to pony up hundreds of billions of dollars to...
View ArticleReverse Mortgages – New Class Action Opportunity
In December, 2016, the Consumer Financial Protection Bureau (CFPB) took direct aim at the issuers of reverse mortgages. The agency inked consent orders with three of the largest issuers of reverse...
View ArticleDisabled Man’s Mother, Sister Indicted for Medicaid Fraud
Georgia has a very generous Medicaid program that allows eligible people with developmental disabilities to receive home care. Called the Comprehensive Supports Waiver Program (COMP), folks who are too...
View ArticleFeds Nab 6 More for Bribery of Foreign Officials (and the Officials too!)
I once read a quote that said, “You don’t necessarily need atomic bombs to destroy a nation. Politicians who value their pockets than the life of citizens always do that every day.” Despite years of...
View ArticleMahanyLaw Files Class Action Lawsuit Against Molina Healthcare
FOR IMMEDIATE RELEASE: Hispanic Doctors, Law Firm Accuse Molina Healthcare Company of Stealing Pay from Physicians (Milwaukee) The fraud recovery lawyers at MahanyLaw filed a class action lawsuit on...
View ArticleThe Last Post Crisis Deal? Probably Not – Credit Suisse Whistleblower Post
The headline in Banking360 this morning was “Credit Suisse Pays $5.3B In Possible Last Post-Crisis Deal.” Is this the last “post crisis” deal? Heck no! That would imply that banks and mortgage lenders...
View ArticleMortgage Underwriting Fraud in 2016 – Whistleblower Post
The days of the billion dollar mortgage underwriting fraud may be over. That hasn’t stopped lenders from running afoul of the False Claims Act, however. 2016 was the third best year ever for the...
View ArticleHispanic Lives Matter Rips Molina Healthcare, Claims “Economic Racism”
EDITOR’s NOTE: On December 30th, MahanyLaw filed a class action lawsuit against Molina Healthcare of California. The suit was filed on behalf of Dr. Manuel Figueroa, a member of the Associated Hispanic...
View ArticleOil Royalty Payments Scam? – Could Be a Great Whistleblower Claim!
Almost one decade ago, two auditors with the U.S. Mineral Management Service filed a qui tam complaint in Texas. The two federal workers claimed Shell was defrauding the government on oil royalty...
View ArticlePNC Pays Mortgage Loan Officers $16M – Overtime Lawsuit
PNC Bank will pay its some of its mortgage loan officers $16 million to settle a lawsuit brought under the Fair Labor Standards Act. The mortgage brokers claimed they were denied overtime and proper...
View ArticleJail for Fla. Lighting Contractor in Kickback Scheme
There is something magical about southern Florida. Warm winters, lush vegetation, fancy cars, great fishing… and fraud. Lot’s of fraud. We took special interest in the news that a contractor doing work...
View ArticleFreedom Mortgage Found Guilty of Defrauding Homeowner
It is no secret that our firm is investigating a claim that Freedom Mortgage defrauded military families and veterans. Although the Better Business Bureau gives the company an A- rating, the BBB stats...
View ArticleWhen Whistleblowers Do Things “Their Way”
Here is a case that would scare any would-be whistleblowers. A federal appeals court in Denver ordered a whistleblower to pay $15 million to the alleged wrongdoers. Previously the trial court had...
View ArticleFirst Loan Officers, Now PNC Asst. Managers Win FLSA Suit
Last week we wrote about a successful lawsuit brought by PNC Bank mortgage loan officers. This week it is the banks assistant managers who are cashing in. Both lawsuits were brought under the Fair...
View ArticleFCPA Foreign Bribery Active Investigations – Last Call for Whistleblowers
2016 was a banner year for the SEC and Department of Justice. The SEC paid out record whistleblower awards. The Department of Justice had its third best year under the False Claims Act. It paid over...
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