Bank buildings, representing Citigroup Accused of Spoofing

New York Considers Awards for Bank Whistleblowers

Whistleblowers at banks and insurance companies may have another option to receive compensation for reporting misconduct if legislation written by two New York State Senators is ultimately adopted. Last year, State Senators James Steward (R-Milford) and Joseph Griffo (R-Rome) introduced a bill, S4362, into the New York State Senate to compensate and protect individuals providing information...

Fraud and Whistleblower News for Monday, March 31

The Supreme Court denied the cert petition in Nathan v. Takeda today. The petition questioned the Court of Appeals decision with regard to the Rule 9(b) heightened pleading requirement for fraud. False Claims Act Against Bankrupt Companies – WSJ:Judge Gives $2.3 Billion Hawker Whistleblower Suit New Life Whistleblowers can pursue their False Claims Act lawsuit against Hawker...

Red White and Yellow Medication Pills, representing addiction treatment

New York Recovers $851 Million in Medicaid Fraud Case

New York, home to one of the nation’s largest Medicaid programs, recovered $851 million in taxpayer funds in 2013. The amount nearly doubled New York’s previous record recovery, $468 million in 2012. The money recovered accounted for dollars lost by the program due to fraud, waste or other misspending. The state did not specifically identify...

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CFTC has New Boss: President Obama Taps Timothy Massad

President Obama has selected Timothy Massad to succeed Gary Gensler as chairman of the Commodities Futures Trading Commission (CFTC). Skeptics seem justifiably concerned about Massad’s ability and/or willingness to be tough with Wall Street banks. As a Treasury Department Official, Massad oversaw the bailout of Wall Street’s biggest banks. Prior to joining the Treasury Department,...

Statue of Liberty - New York False Claims Act Takes the Lead in the Fight Against Fraud

New York’s False Claims Act: Leading the Fight Against Fraud

New York False Claims Act Takes the Lead in the Fight Against Fraud New York is once again pushing the envelope with proposed amendments to the New York False Claims Act, N.Y. Fin. Law §§ 187 – 194 (“NYFCA”). Twenty-nine states, the District of Columbia, and a number of large U.S. cities have enacted their...

New York Hospital’s $13.4M Settlement in Medicare Fraud

New York Hospital Pays $13.4 million in Medicare/Medicaid Fraud On September 5, 2012, The New York Daily News reported that a New York hospital will pay $7.56 million to the state and $5.84 million to the federal government to settle a lawsuit alleging fraudulent Medicare and Medicaid programs The Brooklyn U.S. attorney’s office and office...

Judge signing papers with a gavel in the foreground, representing the False Claims Act and class actions and Fresenius Whistleblower retaliations

Judge Strikes Down Dept. of Education’s New “Gainful Employment” Rules

Judge Strikes Down Dept. of Education’s New “Gainful Employment” Rules On July 1, 2012 and July 11, 2012, The New York Times published two articles reporting that Judge Rudolph Contreras of Federal District Court overturned the Department of Education’s “gainful employment” rules aimed at for-profit colleges that leave students with huge debt loads, no credentials,...

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A New Flavor: Ambulance Fraud

A New Flavor: Ambulance Fraud There is fraud at all stages of the health care delivery process, and as a settlement in a district court case in the Eastern District of New York emphasizes, even ambulance companies are trying to get a bigger piece of that Federal pie, courtesy of you the taxpayer. The case is: United States ex...

TARP Fraud Uncovered: Bank CEO’s Guilty Plea in NYC

TARP fraud uncovered: Bank CEO pleads guilty in New York City The ironies of TARP — the Troubled Assets Relief Program—may take decades to be understood. In the same manner of most great American financial crises, from the days of railroad bribery and trust-busting to world war munitions graft… claims of rights and wrongs are...

Close up of Court, representing Expanded Whistleblower Program

New York State Amends False Claims Act

New York is leading the way at preventing tax fraud at the state level becoming the first state to creates a reward for whistleblowers. The amendment to New York’s False Claims Act will provide for an award to the whistleblower so long as the defrauding taxpayer earns more than $1 million in annual net income...

Tag: New York