HUD Challenges Marketing Services Agreements
by Brian Mahany Because we represent homeowners, mortgage company employees and sometimes the interests of taxpayers (federal false claims act cases), we see new frauds and shady deals in the lending...
View ArticleAppraisal Fraud Alive And Well
by Brian Mahany Mortgage fraud comes in many flavors. We see lenders engaging in predatory lending practices, shady brokers writing bad loans (meaning sure defaults and that means taxpayers holding the...
View ArticleD-Day and the Battle Against the Mortgage Industry
by Joe Bird, Esq. My father served in WWII. He landed on the beaches of Normandy, D-Day plus 12. He was a member of the demolition and engineering section of his Division. A corporal who volunteered...
View ArticleNew Rules Good For Defrauded Brokerage Clients
by Brian Mahany On Monday, new rules are in effect for stockbrokers, rules that benefit customers. The Financial Industry Regulatory Authority, or FINRA, issued new rules in late May to enhance due...
View ArticleAnother Black Eye For KPMG And The Audit World
by Brian Mahany Japan’s Financial Services Agency ordered KPMG affiliate KPMG Azsa to dramatically improve the quality of their audits. The Japanese regulator had similar words for Ernst & Young...
View ArticleAs The World Churns – FINRA Socks Stockbroker For $1.9 Million
by Brian Mahany Churning is a bad word in the securities industry. It happens when a stockbroker engages in excessive buying and selling of securities in a customer’s account. The motive is almost...
View ArticleFormer Bank of America Executive Indicted For Fraud
by Brian Mahany Anyone reading this blog knows our opinion on big banks. Chase, Wells Fargo, BONY and especially Bank of America have become “to big to care” in our opinion. Treasury officials may say...
View ArticleIsn’t She The Tax Cheating Judge?
by Brian Mahany A report today from the Detroit News indicates that Justice Department officials have charged Michigan Supreme Court Justice Diane Hathaway with bank fraud. The U.S. Attorney’s Office...
View ArticleThe Forgotten Investor (Protecting Investors From Fraud)
by Brian Mahany The headline in today’s Wall Street Journal reads “Insider – Trading Probe Widens.” Further down on the front page in smaller type is an article titled, “For Many Financial Advisers,...
View ArticleWhose Responsible For The Housing Market Meltdown? FDIC Settles With IndyMac CEO
by Brian Mahany There is plenty of blame for the housing market meltdown. Ask anyone on Main Street, America and most will quickly (and correctly) point the finger at the Wall Street and the big banks....
View ArticleVictim Assaults Ponzi Scheme Promoter
by Brian Mahany Losing one’s life savings to a Ponzi scheme promoter would be devastating to anyone. We often see courtroom footage of victim’s families attacking defendants at sentencing hearings when...
View ArticleSuccess Trades Securities In Trouble? FINRA Says Yes (stockbroker fraud post)
by Brian Mahany Success Trades Securities has a great name. They also have the financial backing of many NFL and NBA players. Regulators say that some of these players invested in the company in...
View ArticleFeds Charge 89 With Medicare Fraud – Whistleblowers Rejoice
Earlier this month, federal officials arrested 89 people in Miami, Detroit, Tampa, Houston, New York and Los Angeles and charged them with health care fraud. The action was a coordinated effort...
View ArticleIRS Cracks Down On Captive Insurance Arrangements
Accountants and tax lawyers are seeing a rise in IRS audits directed at companies using captive insurance arrangements. While big businesses have long used captives as a way of managing risk, IRS...
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...
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Whistleblower News Review
Book Review SAINTS, SINNERS, AND HEROES – Covert Ops in the War against the C-Suite Mafia, author Brian Mahany Link to original source (166K) The ultimate whistleblower handbook, featuring numerous...
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Kaiser Health News
Los Angeles Doctor Sues Molina Healthcare Over Medi-Cal Reimbursements by Ana B. Ibarra | Link to original source (114K) Los Angeles-area doctor is seeking class-action status for a lawsuit against...
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