Contact

Click here for a confidential contact or call:

1-212-350-2774

Archive

Page 31 of 40

Fraudster of the Week -- Texas State Senator Carlos Uresti

Posted  05/19/17
By the C|C Whistleblower Lawyer Team On Tuesday, a federal grand jury in San Antonio returned two indictments against state senator Carlos Uresti in connection with two schemes—one involving alleged kickbacks for a medical services contract at a county jail, and a second dealing with an alleged Ponzi scheme that marketed sand used for hydraulic fracking.  He now faces more than a dozen criminal charges and,...

Tagged in: Catch of the Week, Correctional Services Fraud, Ponzi Schemes,

Read More

Ex-Snapchat Employee Files Federal Whistleblower Suit

Posted  05/19/17
By the C|C Whistleblower Lawyer Team Former Snapchat employee Anthony Pompliano filed suit against the company for allegedly breaking federal whistleblower protection laws and misleading investors ahead of Snap's initial public offering.  Pompliano has previously filed suit in January against the company in L.A. County Superior Court on similar claims but decided to transfer the case to federal court and file for...

Tagged in: Securities Fraud, Whistleblower Case,

Read More

Spanish Court to Question Former HSBC Executives in Tax Probe Triggered by Whistleblower

Posted  05/5/17
By the C|C Whistleblower Lawyer Team Spain's High Court is to question seven former executives from HSBC's Swiss private bank as part of an investigation into alleged money laundering and tax fraud triggered by tax information leaks from former employee turned whistleblower Herve Falciani. The court said in a ruling that it had decided to widen the investigation to study the flow of funds from HSBC's Swiss...

Tagged in: Financial Institution Fraud, Money Laundering, Tax Fraud,

Read More

A Whistle Was Blown, But Who Was Listening?

Posted  05/1/17
By the C|C Whistleblower Lawyer Team Michael J. Lutz is a former employee of mortgage insurer Radian Group who worked as an accounting specialist conducting Sarbanes-Oxley testing. In his job, Mr. Lutz ensured that Radian’s accounting controls were effective. In 2013, Mr. Lutz allegedly discovered that Radian was materially understating the amount of reserves against potential losses on bad loans to make the...

Tagged in: Accounting Fraud,

Read More

How Two Wall Street Analysts Became SEC Whistleblowers

Posted  04/27/17
By the C|C Whistleblower Lawyer Team In 2012, an anonymous analyst noticed Texas-based medical device manufacturer Orthofix was outperforming expectations. The analyst suspected that something was off, as the company’s earnings reports showed its wholesale customers were taking longer than usual to pay Orthofix. The company’s executives blamed the delay on logistical problems at foreign offices. The analyst...

Tagged in: Accounting Fraud, Anonymity, SEC Whistleblower Reward Program, Whistleblower Case, Whistleblower Eligibility, Whistleblower Rewards,

Read More

$150 Million Settlement Announced in Vermont Ski Resort Fraud Case

Posted  04/14/17
By the C|C Whistleblower Lawyer Team A year after the owner and president of a Vermont ski resort were accused by the state and the SEC of massive fraud, a $150 million settlement has been reached with Raymond James Financial Inc., which is the financial institution allegedly at the heart of the fraud. The federal receiver overseeing Jay Peak ski resort said the settlement agreement will be filed in court next...

Tagged in: Securities Fraud, Visa Fraud,

Read More

Wells Fargo to Claw Back $75 Million From Former Executives

Posted  04/10/17
By the C|C Whistleblower Lawyer Team Wells Fargo’s board announced that it would recover an addition $75 million in compensation from former CEO John Stumpf and former head of community banking Carrie Tolstedt. Wells Fargo released a 113 page report in conjunction with the announcement that called the warning signs of the problem involving fake accounts “glaring” and demonstrated a decentralized culture that...

Tagged in: Financial and Investment Fraud, Financial Institution Fraud,

Read More

Fraudster of the Week -- Charles Banks, Ex-Advisor to Retired San Antonio Spurs Star Tim Duncan

Posted  04/7/17
By the C|C Whistleblower Lawyer Team On Monday, financial advisor Charles A. Banks IV pleaded guilty to wire fraud after duping NBA legend Tim Duncan into entering a shoddy multi-million dollar investment deal.  Banks, a 49-year-old wine executive who runs Terroir Capital, could face up to 20 years in prison. In 2012, Banks convinced Duncan to invest $7.5 million into Gameday Merchandising LLC, a flailing...

Tagged in: Catch of the Week, Financial and Investment Fraud,

Read More

Britain's Lloyds to Compensate Fraud Victims with $125 Million

Posted  04/7/17
By the C|C Whistleblower Lawyer Team Lloyds Banking Group revealed a 100 million pound ($125 million) compensation scheme for victims of a fraud for which six people were jailed this year, as Britain's financial watchdog reopened a probe into the case.  Lloyd’s is Britain's biggest mortgage lender and has been under pressure to compensate the victims at its HBOS business, who say it reacted too slowly to their...

Tagged in: Financial and Investment Fraud, Financial Institution Fraud,

Read More

Wells Fargo Whistleblower Wins $5.4 Million and His Job Back

Posted  04/4/17
A federal regulator on Monday ordered Wells Fargo to pay $5.4 million to a former manager who said he was fired in 2010 after reporting to his supervisors and to a bank ethics hotline what he suspected was fraudulent behavior. The bank must also rehire him, the Labor Department’s Occupational Safety and Health Administration said. OSHA concluded that the manager was "abruptly" forced to leave a Los Angeles...

Tagged in: Financial Institution Fraud, Whistleblower Protection Laws,

Read More
1 … 28 29 30 31 32 33 34 … 40

Newsletter

Subscribe to receive email updates from the Constantine Cannon blogs

Sign up for: