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...
Whistleblower Actions: Citizens Motivated By Doing Right In 2006, whistleblower rewards were significantly increased, and the Whistleblower Office created, when President Bush signed into law the Tax Relief and Health Care Law. ” If the Secretary proceeds with any administrative or judicial action based upon information brought to the Secretary’s attention by an individual, the...
Qui Tam and Big Oil, All Over Again When it comes to classic whistleblower cases, oil always comes to the surface. The recurring saga, alleged mismanagement, and waste, of the federal Minerals Management Service (MMS) revealed the recurring nature of oil oversight: and the frustrating, often ignored, role of whistleblowers. In 2007, what was viewed...
FDA Criminal Investigators Suffers Form Foot in Mouth Once again, there is a bad taste in the mouth over FDA’s appetite for whistleblowing. In posh sections of Virginia Beach, one might not have known that the FDA’s top criminal investigator was allegedly conducting high profile criminal investigations. For one thing, a home office might not...
Proposed Regulations Benefit Whistleblowers For the last 144 years, the IRS has been providing tax whistleblowers with compensation for information leading to the recovery of additional taxes paid by the identified defrauding taxpayer.There were two major flaws to the IRS program that served to deter individual whistleblower from reporting the fraud: 1) the rewards were discretionary with...
IRS Proposes New Whistleblower Reward Plan The Internal Revenue Service announced today new rules that will alter the Whistleblower Rewards Program should it be taken into effect. Senator Chuck Grassley of Iowa, the author of the 2006 law, modeled the Whistleblower Rewards Program after the successful False Claims Act. In June, Grassley expressed his concern with...
Eastern District of PA is a Great Place to Be The United States Attorney’s Office for the Eastern District of Pennsylvania was recently recognized in The Philadelphia Inquirer for its success in prosecuting false claims cases over the last seven years. In those seven years, the Philadelphia office has recovered nearly $4 BILLION from drugmakers,...
McKessy Named Head of SEC Whistleblower Office The Securities and Exchange Commission recently announced that Sean McKessy will oversee the new Whistleblower Office in the Division of Enforcement. The Office will consolidate existing resources to administer the whistleblower provisions called for by The Dodd-Frank Wall Street Reform and Consumer Protection Act. In that role, Mr....
If you haven’t had an opportunity to do so, I urge you to read John Perkins’ book entitled “Confessions of an Economic Hitman”.“Economic Hit Men are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel World Bank, US government, and other foreign ‘aid’ funds into the coffers of...
Former Plant Manager of a Nuclear Facility Files Whistleblower Suit A former manager of the San Onofre Nuclear facility, one of two nuclear power plants in California, is suing the California utility company, South California Edison, charging that the company wrongfully terminated him in retaliation for his efforts to blow the whistle on safety violations...