ROCHESTER, N.Y., Dec. 12, 2018 /PRNewswire/ — The United States Department of Justice announced today that Finance of America Mortgage, LLC (“FAM”) has agreed to pay the United States $14.5 million to settle a False Claims Act lawsuit involving mortgage fraud. The lawsuit relates to Federal Housing Administration loans originated by Gateway Funding Diversified Mortgage Services LP (“Gateway”), which FAM […]
MILWAUKEE, Wis. (WBAY) – Aurora Health Care, Inc. has agreed to pay $12 million to the United States and State of Wisconsin to settle allegations it submitted claims to Medicare and Medicaid in violation of federal law. The United States Attorney’s Office for the Eastern District of Wisconsin says Aurora allegedly violated the False Claims Act […]
Three whistleblowers will share $1.7 million for warning the government about Takata Corp.’s dangerous violations of federal safety laws and providing a substantial amount of information that helped the government make its case against the corporation, according to Insurance Journal. The three men are former employees of Takata, the maker of tens of millions of defective […]
The woman who says she revealed the true depths of Opa-locka’s budget crisis in 2016 — and the city’s attempt to hide the dire situation from taxpayers — won a whistleblower case against the city this week when a judge ruled that her 2017 termination was retaliation for exposing corruption and refusing to participate in […]
A whistleblower suing Apple and outsourcing giant Infosys has added new evidence to support his legal claim that the two companies conspired to evade visa laws. A federal judge last month ruled in Apple’s favor and dismissed the case, but left the door open for the whistleblower to produce more information. This week, the judge […]
A $625 million False Claims Act settlement, which is one the largest ever, includes a reward of roughly $100 million that is being split up among a trio of whistleblowers who exposed an illegal cancer drug scheme perpetrated by AmerisourceBergen Corporation, the major US drug wholesaler.
It’s now 10 years after the financial crisis, but cases of illegal activities in the financial services industry and corporate America are still prevalent. The Securities and Exchange Commission (SEC) says it made a record payout of awards to whistleblowers in its latest fiscal year ending in September. Aided by whistleblowers, the agency says that many the firms and individuals it brought cases against “are involved in […]
Some of the worst corporate disasters of the past two decades were heralded by whistleblowers: Sherron Watkins raised the red flag internally at Enron, Cynthia Cooper let management know of major accounting problems at WorldCom, and Matthew Lee brought problems to his management team at Lehman Brothers. The whistleblowers weren’t able to halt their companies’ […]
In the wake of the financial crisis, Sen. Chris Dodd, Democrat of Connecticut, tried to strip away the Federal Reserve’s regulatory power over banks and introduced legislation to create new agencies to police Wall Street. The idea went nowhere. Congress — in the bill that bears Dodd’s name — eventually gave a great deal of […]
The United States government has bolstered three whistleblower lawsuits against Tetra Tech, the environmental remediation company hired to clean up the former Hunters Point Naval Shipyard’s radiation, according to court documents unsealed Thursday. The Department of Justice plans to sue Tetra Tech, accusing it of widespread fraud. Since the cleanup’s start in 2012, Tetra Tech […]
