Law Blog
Stay informed of the latest announcements relating to financial fraud law.
Thu, 04/11/2013 - 10:41am
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A well-known cardiologist and the founder, CEO, and sole owner of a pair of large medical services companies in New Jersey and New York has admitted to conspiring in a multimillion-dollar health care fraud scheme that subjected thousands of patients to unnecessary tests and potentially life-threatening, unneeded treatment, as well as treatment by unlicensed or untrained personnel.
Wed, 04/10/2013 - 1:22pm
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The federal government has filed a civil injunction lawsuit seeking to shut down Mo’ Money Taxes, a Memphis, Tenn., based tax-preparation chain that at one time operated as many as 300 offices in 18 states.
Wed, 04/10/2013 - 10:29am
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Mary Jo White was sworn in this morning as the 31st Chair of the SEC.
Wed, 04/10/2013 - 10:18am
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It’s not often that federal prosecutors indict multiple numbers of a state’s sitting legislators, with warnings that there could be more charges against other legislators to follow. Yet, that’s what has just happened in New York. Does that make New York the most corrupt state in the country?
Tue, 04/09/2013 - 1:09pm
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The mega-accounting and consulting firm KPMG LLP has issued a statement reporting that, late last week, it was “informed that the partner in charge of KPMG’s audit practice in our Los Angeles business unit was involved in providing non-public client information to a third party, who then used that information in stock trades involving several West Coast companies.” KPMG said the partner “was immediately separated from the fir
Tue, 04/09/2013 - 11:43am
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Meredith Cross, Lillian Brown, and Jennifer Zepralka have left the Securities and Exchange Commission and have joined WilmerHale's Washington, D.C., office as partners in the firm’s corporate practice.
Tue, 04/09/2013 - 10:45am
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Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency and the Federal Reserve Board with 13 mortgage servicers.
Tue, 04/09/2013 - 7:31am
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The 53 court-approved securities class action settlements reported in 2012 represent a 14-year low, according to Securities Class Action Settlements—2012 Review and Analysis by Cornerstone Research. This represents an 18 percent decrease from the number of approved settlements in 2011, and a decline of more than 45 percent from the 10-year average from 2002 through 2011.
Mon, 04/08/2013 - 4:45pm
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The U.S. Senate has confirmed Mary Jo White as the new chair of the Securities and Exchange Commission.
Mon, 04/08/2013 - 4:10pm
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Four former executives of BizJet International Sales and Support Inc., the U.S.-based subsidiary of Lufthansa Technik AG, which provides aircraft maintenance, repair, and overhaul (MRO) services, have been charged with allegedly participating in a scheme to pay bribes to government officials in Latin America.
Mon, 04/08/2013 - 9:37am
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Scammers have recently chosen a new route to fool businesses—“friendly fraud,” an illegitimate type of chargeback or card dispute. “Friendly fraud” consists of consumers making an online purchase and then contacting their bank, stating that the transaction was not their doing, resulting in a chargeback.
Mon, 04/08/2013 - 6:13am
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It has been a rough few months for the online prediction (or betting) site,
Fri, 04/05/2013 - 1:57pm
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A subsidiary of Bank of America Corporation – BAC Home Loans Servicing LP – and a subsidiary of Morgan Stanley – Saxon Mortgage Servicing Inc. – will be paying 316 service members whose homes the Justice Department alleged had been unlawfully foreclosed upon between 2006 and 2010 over $39 million in monetary relief for alleged violations of the Servicemembers Civil Relief Act (SCRA).
Fri, 04/05/2013 - 11:45am
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Feda Kuran, the owner of Brotherly Love Ambulance Inc., in Philadelphia, Pennsylvania, has been charged in an information alleging a health care fraud scheme that involved billing Medicare for ambulance services that were not medically necessary, that were not actually provided, or that were induced by illegal kickbacks. As a result, prosecutors alleged, the Medicare program paid more than $2 million for inappropriate bills.
Fri, 04/05/2013 - 6:52am
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The average taxpayer in 2012 has to shoulder an extra $1,026 in taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals, according to a new report by 
