By Steve Kardell | Published January 9, 2020 | Posted in Fraud, Whistleblower Litigation | Tagged Tags: fraud, fraudulent scheme, whistleblower, whistleblower law attorney |
A trio of former executives of Outcome Health were charged by the Securities and Exchange Commission (SEC) of engaging in a fraudulent scheme to raise about $500 million for the company from investors. Charged were CEO Rishi Shah, CFO Brad Purdy and President Shradha Agarwal. Outcome had already agreed to a $70 million settlement with Read More
Read MoreAccording to a report from MarketWatch, a Walt Disney Company accountant has claimed the company overstated its revenue for years. That accountant ultimately filed a whistleblower report with the Securities and Exchange Commission. Case background The whistleblower in question was Sandra Kuba, who worked with the company for 18 years in its revenue-operations department. She Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) charged Crystal World Holdings, Inc., The New Sports Economy Institute and Christopher Paul Rabalais for misleading its investors in an unregistered offer and sale of Crystal World Holdings securities to domestic and international investors. Case background According to the SEC complaint, Rabalais and his two companies listed as Read More
Read MoreA federal judge in the U.S. District Court for the Northern District of Texas recently entered a judgment in a Medicare fraud case against four defendants valued at a total of $339,402,631. The judgment stems from a whistleblower claim filed in 2013 by Grant Bachman, who filed his initial lawsuit against multiple home health care Read More
Read MoreThis summer, Eagleville Hospital, a provider of various substance abuse treatments to Medicare and Medicaid patients, agreed to a $2.85 million settlement with the government in the face of allegations it defrauded various healthcare programs. In the lawsuit, it was alleged that the hospital billed Medicare, Medicaid and the Federal Employees Health Benefits Program fraudulently Read More
Read MoreA pair of former executives with Southport Lane, L.P., a private equity investment holding company that specializes in managing investment portfolios for insurance companies, were charged with participating in a massive insurance fraud scheme. According to authorities, the scheme resulted in hundreds of millions of dollars in losses for its victims. The two individuals were Read More
Read MoreNational pharmacy chain Walgreens recently settled a pair of False Claims Act (FCA) lawsuits with the federal government for a total of $269 million. The claims involved allegations of improper billing. In the first lawsuit, Walgreens was alleged to have billed federal healthcare programs (including Medicaid and Medicare) for distributing insulin pens to hundreds of Read More
Read MoreEagle Home Mortgage, a subsidiary of Lennar, is the defendant in a new whistleblower lawsuit that alleges the lender routinely approved unqualified borrowers for mortgages, going so far as to falsify borrowers’ documents to increase the chances of approval. The suit also claims the company hid negative findings on audited loans from regulators. This latest Read More
Read MoreIt is hard to believe, but we have now passed the 10-year anniversary of the federal government bringing down Bernie Madoff’s multibillion-dollar Ponzi scheme. This scheme did ultimately do some good, as it led to Congress enacting the whistleblower program at the Securities and Exchange Commission (SEC), but many people lost a whole lot of Read More
Read MoreSprint, the fourth-most popular mobile phone carrier in the United States, recently agreed to settle a whistleblower lawsuit to the tune of $330 million. The whistleblower in the case alleged the company had been regularly committing tax fraud since 2005, and first brought allegations against Sprint in 2011. The Attorney General’s office decided to join Read More
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