Sharp Will Pay $6.2 Million To Settle Whistle-Blower Suit
Sharp Memorial Hospital will pay the federal government $6.2 million to settle an employee's claim that it defrauded Medicare in the 1990s by misrepresenting costs involved in its heart-and kidney-transplant programs, the U.S. Attorney's Office said yesterday. Judith A. King, Sharp's heart transplant coordinator, alleged in a … [Read more...]
Madoff To Stay Out of Jail For Now
Bernard Madoff Allowed to Stay in His Posh Manhattan. Bernard Madoff is going to be allowed to stay in his posh Manhattan while he awaits trial on charges of securities fraud. A Federal judge rejected a prosecution request to revoke the alleged Ponzi-schemer's $10 million bail today, but added more conditions to Madoff's … [Read more...]
Madoff Fraud Losses Could Spread to Those Who Got Out
A result of the alleged investment fraud. Even investors who pulled their money out early could sustain substantial losses as a result of the alleged investment fraud committed by Bernard Madoff. According to a report on Reuters.com, those investors could ultimately be forced to turn over any profits they made from their Madoff … [Read more...]
Bernard Madoff Will Have to Face Investors on Thursday
He Pleads Guilty to Fraud Charges. Some of Bernard Madoff's investors want to be heard when he pleads guilty to fraud charges on Thursday. According to USA Today, federal prosecutors have heard from at least 25 investors who want a chance to tell Madoff how his alleged Ponzi scheme has forever altered their lives. Madoff - once a … [Read more...]
Ezra Merkin Latest Madoff Middleman to Face Fraud Charges
Civil Fraud Changes. Hedge fund manager Ezra Merkin now faces civil fraud changes over the Bernard Madoff Ponzi scheme. According to a complaint filed by New York Attorney General Andrew Cuomo, investors, including several prominent charities and non-profits, entrusted millions to Merkin, who allegedly steered the money to Madoff … [Read more...]
Madoff Feeder Fund Charged with Fraud
Admitted Ponzi Schemer Bernard Madoff. Fairfield Greenwich Group, a hedge fund that invested with admitted Ponzi schemer Bernard Madoff, has been charged with fraud. According to The Wall Street Journal, the charges filed by the Massachusetts Secretary of State allege the company breached its fiduciary duty to clients by failing to … [Read more...]
$2.8 Million False Claims Act Settlement in Case Brought Against Medtronic
Medicaid Fraud Allegations involving Medtronic. Kathleen Kane, Pennsylvania’s Attorney General (AG), has announced that her office joined in a $2.8 million multi-state and federal settlement that involves Medicaid fraud allegations involving ‘Medtronic’. The AG’s office indicated that it joined in the multi-million-dollar … [Read more...]
Alton & Cleva Wet/Dry Vacuum Possible Fraud/Mislead Class Action Lawsuit Lawyers
Alton & Cleva Vacuum Do Not Produce Horsepower As Advertised. Have you purchased an Alton & Cleva wet/dry vacuum? The Defective Product & Liability Lawsuit Lawyers at Parker Waichman LLP are investigating allegations that Alton & Cleva wet/dry vacuums do not produce as much horsepower as advertised. ‘Alton & Cleva’ … [Read more...]
Fiat Chrysler Faces Dodge RAM Emissions Fraud Class Action Lawsuit
Diesel Emissions Defect Cost Consumers $3,000-$5,000, Suit Alleges. Fiat Chrysler and engine manufacturer Cummins Inc. are facing a class action lawsuit filed on behalf of 2500 and 3500 Dodge RAM truck owners who allege the companies engaged in diesel emissions fraud. Allegedly, the companies intentionally built the vehicles with an … [Read more...]
Pilot Flying J Gas Rebate Fraud- Class Action Lawsuit
Pilot Flying J Class Action Lawsuit. Parker Waichman LLP is investigating a potential class action lawsuit on behalf of Pilot Flying J customers who have been allegedly cheated out of gas rebates. Pilot Flying J is the largest chain of truck stops in the United States. The CEO of the company and Cleveland Browns owner Jimmy … [Read more...]
Sears Warranty Fraud Class Action Lawsuit
A possible class action lawsuit against Sears The lawyers and attorneys at our firm are investigating a possible class action lawsuit against Sears Roebuck & Company because of the retailer's failure to honor warranties involving its garage door openers. Our consumer fraud lawyers have uncovered many instances where Sears has … [Read more...]
Lawnmower Horsepower Fraud Lawsuits
Misstated the horsepower values of their products The lawyers / attorneys at our firm are investigating allegations that lawnmower manufacturers knowingly misstated the horsepower values of their products. Lawnmower horsepower class action lawsuits have already been filed in New Jersey and several other states seeking restitution … [Read more...]
Volkswagen Emissions Fraud Lawsuits Consolidated in California Federal Court
500 Lawsuits Accusing Volkswagen Cheated. On December 8, 2015, the Judicial Panel on Multidistrict Litigation consolidated more than 500 lawsuits accusing automaker Volkswagen of cheating on vehicle emissions standards. The panel said the California federal court in San Francisco is the best venue for the multidistrict litigation … [Read more...]
Drug Trial Fraud and Misconduct Hidden from Journal Publishers and Public
A study of internal documents from the Food and Drug Administration (FDA) reveals that though the agency has taken action against clinical trials for "significant departures from good clinical practice" and even falsifications, there is no mention of such problems in the published studies. The documents were uncovered through … [Read more...]
Former Executives Accuse Health Technology Firm of Fraud
Two former executives of the health technology firm NantHealth claim in a recently filed lawsuit that the company made fraudulent claims about the reliability of its system, which links patient information gathered by medical devices. The executives also allege that NantHealth, which is owned by a billionaire doctor, may have used … [Read more...]
Marcellus Shale Gas Driller Hit with West Virginia Fraud Lawsuit
Marcellus Shale Gas Driller Engaged In Fracking. Range Resources, a Texas-based gas drilling company engaged in hydraulic fracturing, or fracking, in West Virginia’s Marcellus shale, has been named in a consumer fraud lawsuit. According to the Associated Press, property owners in Monongalia, Preston, Marion and Harrison … [Read more...]
FDA Issued Ketek Warning Letter
A Ketek clinical trial was rife with irregularities including fraud, but the drug’s maker, Aventis never acted on reports about problems with the study. Now, the Food & Drug Administration (FDA) has sent a Warning Letter to Sanofi-Aventis, the successor of Aventis, outlining various instances of misconduct by doctors … [Read more...]
Enron’s Fastow Pleads Guilty To Two Charges
Enron’s Fastow Entered Guilty Pleas. Andrew Fastow, former Enron chief financial officer, entered guilty pleas on two counts of fraud on Wednesday, accepting a plea agreement under which he will serve time in prison and might have to testify against his former bosses. In a separate deal with the Securities and Exchange … [Read more...]
Former HealthSouth Executives Plead Guilty To Fraud
Former HealthSouth Executives Plead Guilty. Two former HealthSouth executives pleaded guilty in federal court yesterday to fraud charges in a scheme to overstate earnings at the rehabilitation-services company. The pleas were entered in court proceedings by Richard Botts, 45, former senior vice president for tax, and … [Read more...]
Hospitals Accused of Transplant Fraud
Patients Could Get Transplant Fraud. Federal officials claim three Chicago hospitals exaggerated the seriousness of the conditions of some patients so they could get liver transplants sooner. Federal officials and a bioethics expert said they know of no other case where the government accused hospitals of using fraud to increase … [Read more...]
Auditors Testify About HealthSouth Fraud
HealthSouth Fraud Went Undetected. Offering new insight into how a massive accounting fraud went undetected at HealthSouth Corp., executives with its outside auditor testified Wednesday they relied on only a few people for financial data, didn't audit some accounts and didn't believe a whistle-blower's e-mail last summer. Ernst … [Read more...]
A Diagnosis of Fraud At HealthSouth
Fraud At HealthSouth Corp. They are tearing down Richard Scrushy in Birmingham, Alabama. The former chief executive of scandal-hit HealthSouth is a ubiquitous presence: there is a Vestavia Hills Richard M. Scrushy public library; a Jefferson State Community College Richard M. Scrushy campus; a Scrushy-Striplin baseball field at … [Read more...]
Settlement To Allege Securities Fraud
Citigroup Inc. Securities Fraud. The $1.4 billion settlement involving misleading stock research at Citigroup Inc., Credit Suisse First Boston, and nine other securities firms will say some of the biggest Wall Street houses committed fraud, said New York State Attorney General Eliot Spitzer. Including allegations of fraud in the … [Read more...]
FDA Takes Stand on Dietary Supplements
Manufacturing Standards For Dietary Supplements. The government proposed the first manufacturing standards for largely unregulated dietary supplements Friday, saying the long-awaited rules could cut fraud and contamination and finally ensure consumers get what they pay for. There still will be no guarantee that the pills or … [Read more...]
Second Adelphia Man Pleads Guilty To Fraud
Fraud Case Against Cable Television Company. A second former Adelphia Communications executive on Friday pleaded guilty to criminal charges related to the US government’s ongoing fraud case against members of the cable television company's founding family. Timothy Werth, Adelphia's ex-director of accounting, pleaded guilty to … [Read more...]
Ex-Tyco Director Walsh Pleads Guilty to Fraud
Ex-Tyco Director Pleaded Guilty To Fraud. Former Tyco International Ltd. board member Frank E. Walsh pleaded guilty to felony fraud charges today and agreed to pay $22.5 million to settle allegations that he took an improper $20 million payment related to Tyco's 2001 acquisition of CIT Group Inc. Walsh, 61, resigned from Tyco in … [Read more...]
Report: Worldcom Fraud May Top $7.68B
Worldcom Fraud May Top $7.68 Billion. The amount of accounting fraud at WorldCom Inc. is likely to exceed the $7 billion previously disclosed to investors, according to a broad report from a special company monitor who also found more than $1 billion in loans to the firm’s former chief executive. Special examiner Richard … [Read more...]
Massachusetts May File Fraud Charges Against Credit Suisse First Boston
Charges Against Credit Suisse First Boston. Massachusetts state securities regulators plan to file civil fraud charges against Credit Suisse First Boston, intensifying the scrutiny of alleged conflicts that may have tainted the firm’s technology research under investment- banking star Frank Quattrone, Monday’s Wall Street … [Read more...]
WorldCom Officer Pleads Guilty To Fraud
WorldCom Officer Massive Accounting Fraud. Former WorldCom Inc. accounting director Buford "Buddy" Yates Jr. pleaded guilty today to assisting in a massive accounting fraud that helped drive the nation's second-largest long-distance carrier into the biggest bankruptcy filing in U.S. history. Legal experts said Yates's cooperation … [Read more...]
Enron’s Ex-CFO Charged With Fraud
Enron's Ex-CFO Masterminded Schemes. Enron Corp.'s former chief financial officer, Andrew Fastow, who allegedly masterminded schemes to hide $1 billion in debt while reaping $30 million in shadowy profits for himself, yesterday became the highest-ranking Enron executive to face charges in the collapse of the energy-trading … [Read more...]
Three Former Homestore Execs Plead Guilty To Fraud
Former Homestore Execs Fraud Charges. Three former executives at Homestore Inc., the biggest online home-listings firm, agreed Wednesday to plead guilty to fraud charges for inflating revenue. As part of the agreements, the three said they'll share their knowledge of Homestore's dealings with AOL Time Warner Inc., a business … [Read more...]
Investors Accuse Grubman Of Fraud
Grubman Were Sued For Misleading Investors. Salomon Smith Barney and analyst Jack Grubman were sued Friday for allegedly misleading investors by urging them to buy stock in a now-bankrupt telecommunications company. The lawsuit, filed in federal court in Manhattan, seeks class certification for investors in Winstar Communications … [Read more...]
