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Another bank closed its doors today. Guaranty Bank, based in Glendale, Wisconsin, is no more. At precisely 5:00 pm, regulators closed the bank. With 119 branches in 5 states, only 12 will reopen in the morning. The rest are gone for good. Guaranty Bank’s woes began shortly after the real estate market crashed in 2008. Within a year of the crash, the bank was hurting.
Defense Contractor Fraud and Armet Armored As I write this post, 450,000 American men and women are deployed around the world. 850,000 warriors are here at home ready to serve. And these figures don’t include the many guardsmen and reservists also ready to serve on a moment’s notice. We owe our freedom to these folks.
The video of Dr. David Dao being dragged down the aisle of United Airlines flight is still fresh in everyone’s mind. If you haven’t seen it by now, you are one of the few. The videos have gone viral on YouTube and have been viewed millions of times. Probably worse than the incident itself is United Airlines ham-fisted “apology.
Frontier Communications has transitioned from a rural telephone provider to today being the 4th largest provider of digital subscriber line in the U.S. The company also offers Internet and digital TV service. In recently unsealed whistleblower complaint, a Frontier subsidiary is accused of defrauding taxpayers.
The U.S. General Services Administration is spending money on information technology. Lots of money! As the nation still reels from Russian election meddling and North Korean hacking scandals, Uncle Sam wants to modernize its IT infrastructure. Over the next 10 years, the GSA has invited 81 small businesses to participate in $15 billion of government spending.
The title of this post “Money Laundering, Drug Trafficking & Whistleblower Awards” sounds like a John le Carre´ novel. When we mention the story involves Mexican drug cartels, one can also easily see a James Bond movie adaptation. It is a real-life story, however, and involves the U.S. subsidiary of Rabobank pleading guilty to criminal conspiracy and paying a $368 million fine.
Cobalt International Energy is a petroleum exploration and production company based in Houston. Despite its U.S. roots, it has interests in the west coast of Africa. Gabon and Angola to be precise. Several years ago, the company announced it had discovered oil offshore of Angola. What should have been cause for celebration wasn’t.
Takata sold defective airbags for years. We believe the Japanese airbag supplier knew its products were defective at least as early as 2002 or 2004. There is evidence that they falsified test data and discussed how to cover their tracks. The right thing to do would have to alert regulators and dealers and warn the public.
A class action lawsuit filed against several promoters details the sudden rise and fall of BitConnect. If the cryptocurrency start up’s figures are correct, almost $2.5 billion of investor monies was wiped out in just a few hours. The meteoric rise and subsequent crash of BitConnect highlights the dangers in cryptocurrency investing.
Fortune magazine calls the Takata airbag recall a “full blown crisis.” Newsweek said in November of 2017 that the recall was “going dangerously slow” and that millions of Americans are still driving potentially “lethal” vehicles. There is no shortage of media outlets claiming the largest recall in automotive history is not going well.
Part One – AIRBAG INJURY CLAIMS (All Vehicle Owners) Part Two – History of Takata Airbag Problems Part Three – Class Action Case for Certain VW, Audi, Mercedes, GM, Jeep, Dodge & Chrysler Owners Part Four – Information for Whistleblowers (Auto Industry & Takata Insiders) Part Five – General Information & Video Links TAKATA AIRBAG INJURY CLAIMS (Part One) Takata airbags are suspe.
One of the things that make this nation special is our belief in the American dream. That dream is part of our national ethos. Anyone can work hard and achieve greatness. In the Declaration of Independence we find the words, “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that amon ...
Last week the Iraqi Oil Ministry announced that 26 companies have been approved to bid for Iraq oil and gas leases in the border provinces. The names of the companies have not been released although the ministry says they include American, European, Arab and Asian companies. Given the nature of industry and regional politics, we anticipate many whistleblower award opportunities ...
Nothing is more annoying than seemingly endless telemarketing calls. Those so-called robocalls come morning, noon and night. When you are sitting down for dinner or watching the big game. And since telemarketers can spoof numbers, they often trick you into answering by using a fake number. The good news is that you can sue a telemarketer.
The North American Securities Administrators Association (NASAA) issued its first warning to investors for 2018. What is their concern? Cryptocurrency investments and initial coin offerings, sometimes called ICO’s. Some cryptocurrencies such as Bitcoin have soared by over 1500% in 2017. The hype has caused many investors to max out their credit cards or mortgage their homes.
Boeing is a household world in the United States. Anyone who flies has probably traveled on a plane manufactured by the U.S. based aviation company. Few people know that Boeing also has billion dollar defense department contracts. The company’s military subsidiary is called Boeing Defense, Space & Security.
It’s New Year’s Day. Last week financial publications everywhere were hyping end of the year buy and sell recommendations. Nasdaq claims that the network technology giant Ciena Corporation missed its earnings projections… Seeking Alpha says the company is back in the “buy zone.” What amazes us is the Ciena news that everyone missed.
Leapfrog just published their Fall 2017 Hospital Safety Grades Report. The nonprofit group is committed to improving quality, safety, and transparency in the U.S. health system. Their grades are often cited in major media outlets including the New York Times. Of 2,632 hospitals rated, just 174 received failing or near filing grades. We call these the “killer hospitals.
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