DOJ Catch of the Week -- Goldman Sachs and Wells Fargo Bank
Posted 04/15/16
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to latest members of the Billion Dollar Mortgage Fraud Club -- Goldman Sachs and Wells Fargo Bank. In separate ten-figure settlements they entered into this past Monday and last Friday respectively, each agreed to settle charges of various mortgage fraud machinations. Goldman Sachs agreed to pay $5.06 billion for...
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to the retired administrative law judge, lawyer and a psychologist who were charged Tuesday for their alleged roles in a Kentucky-centered scheme to fraudulently obtain more than $600 million in Social Security disability payments. According to IRS Special Agent Tracey D. Montaño, "the allegations in this case...
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to Tennessee-based defense contractor Kilgore Flares Company. On Monday, the company and one of its subcontractors, New York-based ESM Group Inc., agreed to pay $8 million to resolve charges they violated the 
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to Hayner Hoyt Corporation. On Monday, the Syracuse-based government contractor agreed to pay $5 million to settle charges that its chairman and chief executive officer Gary Thurston, its president Jeremy Thurston, and its affiliate companies LeMoyne Interiors and Doyner Inc., violated the 
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to 21st Century Oncology Inc., the nation’s largest physician led integrated cancer care provider. On Tuesday, the Florida-based company and its wholly owned subsidiary South Florida Radiation Oncology agreed to pay $34.7 million to settle charges they violated the 
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to Olympus Corp. of America, the country's largest distributor of endoscopes and related equipment. On Tuesday, the company agreed to pay $623.2 million to resolve criminal charges and civil claims for the company's violations of the 
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to the Pennsylvania-based Ameri-Source importer companies -- Ameri-Source International Inc., Ameri-Source Specialty Products Inc., Ameri-Source Holdings Inc. -- their owners, Ajay Goel and Thomas Diener, and the related importer, SMC Machining LLC, incorporated at Goel’s direction and formerly owned by his wife. On...
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to Amsterdam-based telecommunications company VimpelCom Limited. Yesterday, the company and its wholly owned Uzbek subsidiary, Unitel LLC, agreed to pay roughly $795 million under settlements with the DOJ, U.S. Securities and Exchange Commission and the Public Prosecution Service of the Netherlands (Openbaar...
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to Morgan Stanley. Yesterday, the company agreed to pay a $2.6 billion penalty "for misleading investors about the subprime mortgage loans underlying the securities it sold" in the period leading up to the financial crisis. As part of the agreement, Morgan Stanley admitted that it failed to disclose critical...
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to Centerra Services International Inc. (formerly known as Wackenhut Services). On Monday, the Florida-based military contractor agreed to pay $7.4 million to resolve allegations it violated the False Claims Act by double billing and inflating labor costs on its firefighting and fire protection services contract with...