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  • USFS 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 bail out the banks. In the following years, whistleblowers and prosecutors worked hard to go after the banks that caused the mess.

    Due Diligence- 19 readers -
  • $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 Woods decided to save a few bucks by simply forging CPR cards. That stunt earned Dwaine Woods a lengthy year sentence in a Louisiana state prison.

    Due Diligence- 27 readers -
  • NY 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 indictments offer a window of how public officials can be corrupted and the steps taken to cover up the evidence.

    Due Diligence- 13 readers -
  • Wells Fargo, PNC Hit with Huge Fines for Cybersecurity Lapses

    Wells Fargo, PNC Hit with Huge Fines for Cybersecurity Lapses December 23, 2016 by Brian Mahany 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 received fines including the brokerage arms of two major banks, PNC Capital Markets ...

    Due Diligence- 23 readers -
  • 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 that it improperly forbid workers from cooperating with the SEC. Since the SEC’s investigation began, the company has since filed for bankruptcy protection.

    Due Diligence- 13 readers -
  • Florida Eye Clinic Accused of Medicare Fraud

    Two former billing supervisors have accused the Florida Eye Clinic of a massive Medicare fraud scheme. William Lovell and Rochelle Mendez say the clinic billed Medicare for services never rendered. They say the clinic also overcharged for other services. According to the lawsuit, Florida Eye Clinic is owned by eight physicians. It employs 12 ophthalmologists and 14 optometrists.

    Due Diligence- 20 readers -
  • North Carolina Medical Biller Gets 9 Years for Medicaid Fraud!

    A Greenville, North Carolina medical biller was sentenced to 108 months in federal prison after pleading guilty to Medicaid fraud and identity theft charges. Donnie Lee Phillips II will be eligible for early release after 7 years and 8 months. U.S. Senior District Court Judge James Fox also ordered Phillips to serve an additional 3 years of supervised release and pay $5,722,364 in restitution.

    Due Diligence- 18 readers -
  • Platinum Partners Hedge Fund Ponzi – Where Are the Banks?

    Platinum Partners hedge fund is beginning to look like a Ponzi scheme. A very large Ponzi scheme. The New York Times says it could be one of the largest since Bernie Madoff. As much as $1 billion may be missing. On the heels of so many losses, the FBI moved in this week and arrested 7 people they say are behind the scheme.

    Due Diligence- 9 readers -
  • INVESTIGATION: Clayton Homes, Vanderbilt Mortgage, 21st Mortgage

    Clayton Homes… by far the biggest player in the mobile home industry. Along with Vanderbilt Mortgage and 21st Mortgage and 25+ other companies, the Clayton Home empire is huge. And it just may be the most predatory mobile home seller and lender in the nation. Clayton Homes was purchased by billionaire Warren Buffett’s Berkshire Hathaway in 2003.

    Due Diligence- 18 readers -
  • North Carolina Medical Biller Gets 9 Years for Medicaid Fraud!

    A Greenville, North Carolina medical biller was sentenced to 108 months in federal prison after pleading guilty to Medicaid fraud and identity theft charges. Donnie Lee Phillips II will be eligible for early release after 7 years and 8 months. U.S. Senior District Court Judge James Fox also ordered him to serve an additional 3 years of supervised release and pay $5,722,364 in restitution.

    Due Diligence- 18 readers -
  • Does Universal Health Services Kidnap Patients?

    Universal Health Services is the largest psychiatric services provider in the nation. Last year the company treated approximately 450,000 patients. With 200 facilities, the company serves patients in all but a handful of states. Despite its huge size (the company has 72,000 employees), most people have never heard of the name Universal Health Services.

    Due Diligence- 12 readers -
  • Nuclear Reactors, Foreign Steel and Whistleblowers

    Nuclear Reactors, Foreign Steel and Whistleblowers December 14, 2016 by Brian Mahany U.S. regulations require projects built with federal dollars to be built with American made steel. Every piece of steel made in the U.S. or imported here comes with a certification. Not only does that document indicate where the steel was made or “rolled,” it describes the characteristics of the metal.

    Due Diligence- 13 readers -

Due Diligence

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