Uncle Sam

  • Whistleblower Suit Against Quicken Loans Proceeds

    … and Freddie Mac provide the bulk of the insurance for residential mortgages. Because Quicken doesn’t keep the loan, the money they make is from the commission. When the loan is sold, they make their commission. If the loan later defaults, Uncle Sam and the Federal Housing Administration is on the hook, not Quicken. (That means taxpayers!) Quicken…

    Due Diligence- 19 readers -
  • United Airlines Gets Millions of Gov’t $$$ – Aviation Whistleblower Post

    … money from Uncle Sam. That means our tax dollars. United Airlines has already been accused by several of its own technicians for its shoddy maintenance work. A case argued last week could determine whether United used defective parts and then passed them off as new or refurbished. One 28 year veteran of the company says supervisors instruct…

    Due Diligence- 14 readers -
  • When Whistleblowers Do Things “Their Way”

    … stiffing Uncle Sam. Unfortunately, he didn’t have proof. Under the Act, whistleblowers qualify for an award if they have inside information. The information must relate to fraud involving government funds or programs. Usually, one also must be the first to file. With the right lawyer and information, these cases do a tremendous good for society…

    Due Diligence- 18 readers -
  • Oil Royalty Payments Scam? – Could Be a Great Whistleblower Claim!

    … – turned – heroes, filed a lawsuit claiming that Royal Dutch Shell was cheating Uncle Sam. When we say cheating Uncle Sam, we mean cheating taxpayers as well. Every company that leases land or mineral rights from the government is required to submit certain reports. Where would the government be without forms? To calculate oil royalty payments…

    Due Diligence- 20 readers -
  • Does Universal Health Services Kidnap Patients?

    … beds by holding people until their insurance runs out. Other times it is a rehab or halfway house for recovering addicts. These folks will sometimes offer free room and board in return for requiring the resident to attends daily counselling session even if there is no medical reason to do so. A patient recruiter in Detroit tells us that he…

    Due Diligence- 12 readers -
  • Red State, Blue State – Construction Whistleblowers Can Rejoice

    … prosecuted cases where businesses misuse a DBE (“disadvantaged business enterprise”) designation. When billions of dollars are involved, fraudsters can be quite resourceful in coming up with new ways to cheat taxpayers and Uncle Sam. We believe that whistleblowers are the new American heroes. With billions of new transportation spending on the horizon…

    Due Diligence- 17 readers -
  • BB&T Pays $83 Million Settles Mortgage False Claims Act Beef

    … whistleblower statute known as the False Claims Act. The Justice Department this week reports that BB&T is paying a whopping $83 million to settle charges surrounding its FHA residential loan program. Prosecutors say that the North Carolina based bank underwrote FHA insured mortgages that didn’t meet quality control standards. That is a big…

    Due Diligence- 17 readers -
  • Benistar Founder in Jail – Finally (419 Plans Post)

    … entrusted to him by his clients. By the end of the year he had lost $9 million. In February 2004, Carpenter was indicted and charged with 14 counts of wire fraud and 5 counts of mail fraud. A year later in July, he was convicted by a Boston jury of all 19 counts. The story should end here but it doesn’t. Carpenter appealed and the trial judge tossed…

    Due Diligence- 15 readers -
  • Arab Company Tries to Dodge Whistleblower Suit

    … feet. The government and whistleblower both argue that the company has had plenty of notice about the suit. The lawsuit itself is quite interesting. It alleges that the U.S. government was ripped off by Public Warehousing, a company that sells rations to U.S. armed forces. The lawsuit was original filed not by the government but by Al-Sultan…

    Due Diligence- 13 readers -
  • Cyberhacking I Cybersecurity Whistleblower Awards

    …. An investigation revealed that the firm was hacked in 2013, probably from China. The SEC cited the company for not having data encryption or firewalls. RT Jones had 8400 clients. In announcing the fine, the SEC said, “Firms must adopt written policies to protect their clients’ private information and they need to anticipate potential cybersecurity events…

    Due Diligence- 9 readers -
  • Counterfeit Parts and Whistleblower Awards

    … Counterfeit Parts and Whistleblower Awards September 10, 2016 by Brian Mahany The U.S. Department of Defense (DOD) spends billions of dollars each year on parts. Aircraft parts, electronics for ship navigation systems, even parts for firearms. When Uncle Sam writes a check for these parts it wants assurances that the parts are genuine…

    Due Diligence- 10 readers -
  • Whistleblower Helps Feds Nab Medicare Fraud Suspect

    … there today. Convicted of Medicare fraud, she will be spending the next 6 years behind bars. Upon her release, Gumila must pay Uncle Sam $15.6 million in restitution. Thanks to a concerned employee – turned- whistleblower, Gumila’s days of feeding off taxpayers are over. Gumila was arrested in 2014 after an employee alerted authorities earlier…

    Due Diligence- 39 readers -
  • Whistleblower Awards for Banks That Hide Fraud Losses

    … the loss over several days. For example, if a bank fraudulently spreads a $1 million hacking loss over a week, Uncle Sam never finds out. FIRREA and Whistleblower Awards In the aftermath of the savings and loan scandal, Congress passed the Financial Institution Reform, Recovery and Enforcement Act of 1989 – FIRREA for short. FIRREA contains many…

    Due Diligence- 16 readers -
  • BREAKING: Supreme Court Hears Implied Certification Whistleblower Case

    … submitted a “false claim” for payment to the government. When a vendor asks for payment from Uncle Sam, the government assumes that the vendor has delivered the goods or services required by the contract. We naturally assume that the vendor is abiding by all regulations. The implied certification theory says that by billing taxpayers, a company…

    Due Diligence- 20 readers -
  • When in Doubt, Sue! (“Panama Papers”)

    …. The media? This story has been carried worldwide. It’s too late. Already, the fall out from the leak has caused one leader to resign. Earlier this week Sigmundur David Gunnlaugsson, prime minister of Iceland, announced he was stepping down, apparently because of documents found in the Panama papers. What should folks be doing? It probably isn’t…

    Due Diligence- 12 readers -
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