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  • What Are the Risks Associated with Quiet Disclosures? FBAR Post

    [Note: This post by attorney Brian Mahany originally appeared in the National Law Review. It is repreinted here with permission from the the NLR.] The IRS estimates that there are millions of U.S. taxpayers with unreported offshore accounts. Americans with accounts in Switzerland. Dual nationals with accounts in their home country. American expats living and banking in Israel.

    Due Diligence- 19 readers -
  • Michigan Enacts Click Through Nexus

    [Note: This post by attorney Brian Mahany originally appeared in the National Law Review. It is repreinted here with permission from the the NLR.] Nexus means “connection, tie or link.” Since the 1992 U.S. Supreme Court decision in Quill v. North Dakota, nexus has been a very hot topic in sales tax law.

    Due Diligence- 12 readers -
  • Medicare Fraud Plea in Detroit Pill Mill Case

    [Note: This post by attorney Brian Mahany originally appeared in the National Law Review. It is repreinted here with permission from the the NLR.] We have long said that medical clinics that hire patient recruiters are often engaging in Medicare fraud. Earlier this week I spoke to a gentleman in Detroit named “John” (not his real name of, course.

    Due Diligence- 16 readers -
  • Medicare Fraud – Civil or Criminal?

    Many of the Medicare fraud stories we cover end up with someone going to prison. When we represent whistleblowers in state and federal False Claims Actions, our goal is both to stop fraud and to earn our clients the maximum award monies possible. Questions frequently arise as to when and why Medicaid or Medicare fraud gets prosecuted criminally versus civilly.

    Due Diligence- 16 readers -
    Earlier about the same topic:
  • Bank of America Postscript

    We get emails from blog readers. With thousands of visits per year, we are humbled by how far and wide our blog reaches. Often we hear how a particular post was circulated within a company. Thankfully, we are blessed with both great clients and a great audience of active readers. Most of the mail about Bank of America comes from homeowners.

    Due Diligence- 18 readers -
  • Bank of America – “Smack of Arrogance”

    Trying to stay abreast of the newest Bank of America scandals has almost become a full time occupation. We constantly receive calls from aggrieved homeowners, other lawyers and would-be whistleblowers. As I write this, my colleague Joe Bird is in North Carolina battling the banking behemoth on behalf of homeowners who claims the bank “placed homeowners into loan modifications ...

    Due Diligence- 24 readers -
  • Maryland Ponders Whistleblower Law

    Maryland becomes the newest state to propose a comprehensive state whistleblower law. Introduced by Maryland State Attorney General Brian Frosh, the new package is designed to reduce fraud and help close the state’s budget deficit. Since the first false claims act legislation was enacted by the federal government during the Civil War, state and federal governments have recoup ...

    Due Diligence- 16 readers -
  • Send in the Clowns – Tax Protesters and Audit Defense

    The title of this post, “Send in the Clowns,” is admittedly a bit harsh. We have represented several tax protesters in both audit defense and criminal investigations. None of them are clowns, however the promoters feeding them bad advice often were. To be clear, there is a grain of truth in some of the theories advanced by some of the “tax freedom movement” gurus.

    Due Diligence- 7 readers -
  • Bank of America and HSBC – “Source of Shame”

    HSBC, Bank of America…”Source of Shame” or Whistleblower Heaven? “Source of shame”, those are the words used by HSBC CEO Stuart Gulliver to explain his bank’s recent bad behavior. While anyone can make a mistake, no two banks have received as much recent bad publicity as HSBC and Bank of America.

    Due Diligence- 35 readers -
  • Jersey Doc Accused of Medicaid, Medicare Fraud

    Medicaid and Medicare fraud are federal crimes. Defraud a government backed healthcare program and you could go to prison for 10 years. If someone is harmed as the result of the fraud the maximum penalty is 20 years! One might think that would stop many would-be fraudsters from committing these crimes.

    Due Diligence- 17 readers -
  • Small Time Bank, Big Time Fraud (Whistleblower Post)

    Last month the U.S. Department of Justice charged Gary Patton Hall with 6 counts of bank fraud and one count of defrauding the United States. Until its failure in late 2010, Hall was the CEO of Georgia based Tifton Banking Co. State officials shut down the bank in November of that year after it became insolvent.

    Due Diligence- 14 readers -
  • Jason Kronick (New Jersey) Named in Securities Complaint

    The securities industry employs hundreds of thousands of people. Most have clean records and are honest. Not every stockbroker is good at what they do but most play by the rules. And then there are folks like Jason Kronick. This week the Financial Industry Regulatory Authority – FINRA – filed formal charges against Kronick claiming he failed to disclose two unsatisfied judgments.

    Due Diligence- 157 readers -
  • Taxation of Foreign Pension Plans and Social Security Benefits

    The IRS defines a foreign pension or annuity distribution as a payment from a plan received from a source outside the United States. For example, if you are a U.S. citizen retired in Costa Rica and receiving social security payments, the distribution is not considered foreign since the source is in the United States.

    Due Diligence- 14 readers -
  • TARP Fraud Ripe For Whistleblower Lawsuits

    The former vice president of Eastern Tools and Equipment was arrested earlier this week on charges of bank fraud and criminal conspiracy. Chung Yu “Louis” Yeung was indicted in October but not arrested until this week. Prosecutors say that he defrauded United Commercial Bank of $9.2 million dollars. UCB later went under after first receiving $299 million in TARP monies.

    Due Diligence- 13 readers -

Due Diligence

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