Whistleblower News From The Inside -- April 20, 2017
Posted 04/20/17
By the C|C Whistleblower Lawyer Team
Utah man admits to $16M real estate Ponzi scheme – Former Utah-based Marquis Properties owner Chad Roger Deucher admitted he violated the securities laws by bilking investors in his real estate firm out of $16M over six years; Deucher used direct solicitations, radio ads, a website, and real estate and retirement seminars to find investors, and promised them returns as high as...
By the C|C Whistleblower Lawyer Team
Yesterday, Democrat Jon Ossoff won 48.1 percent of the vote in Georgia’s Sixth Congressional District, falling just short of the 50 percent threshold required to avoid a June runoff against Karen Handel, the top Republican vote-getter. The Sixth District was previously represented by Tom Price, whom President Trump recently tapped to lead the Department of Health and Human...
By the C|C Whistleblower Lawyer Team
U.S. top court mulls time bars for SEC recovery of ill-gotten profits — On Tuesday, the Supreme Court heard oral argument in Kokesh v. SEC. The question presented in this case, as framed by the SEC in its latest brief, is: “Whether the SEC’s equitable claims for disgorgement are subject to the five-year statute of limitations in 28 U.S.C. 2464 which applies to claims...
By the C|C Whistleblower Lawyer Team
NY Attorney General Eric T. Schneiderman announced a $40 million settlement with Alabama-based Harbert Management Corporation, fund sponsor for Harbinger Capital Partners, a $26 billion hedge fund in NYC, for violations of the tax provisions of the New York False Claims Act. The settlement resolves whistleblower allegations that members of Harbinger’s investment manager failed...
By the C|C Whistleblower Lawyer Team
Nigeria offers financial incentives to whistleblowers -- Anyone who reports wrongdoing will be rewarded with up to 5 per cent of the recovered funds — a potentially very large carrot to be dangled in front of associates of those who have stolen tens of billions of dollars from the “fantastically corrupt” west African nation. Last week a tip-off resulted in a raid that...
By the C|C Whistleblower Lawyer Team
Approximately two weeks ago on April 5, authorities 
By the C|C Whistleblower Lawyer Team
Acting Manhattan U.S. Attorney Settles Civil Lawsuit Against HSBC Bank USA, N.A., Regarding Failure To Disclose Fraud Or Potential Fraud In Guaranteed Loans — Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and Eric S. Benderson, the Acting General Counsel of the U.S. Small Business Administration (“SBA”), announced today that the...