Category: News

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...

IRS Issues “Dirty Dozen” for 2011 Hiding income in offshore accounts, identity theft, return preparer fraud, and filing false or misleading tax forms top the annual list of “dirty dozen” tax scams in 2011, the Internal Revenue Service announced today. Each year the IRS reveals its “dirty dozen” tax schemes in an effort to educate...

Senate Bill would post every physician’s Medicare billing data on Internet Aiming to curtail Medicare fraud, Senator Charles Grassley (R, Iowa) introduced a program integrity measure before a Senate Finance Committee hearing on Medicare and Medicaid fraud on March 2nd. The bill in part would require the Department of Health and Human Services by the...

IRS Funding Cuts Hurt Taxpayers Trying to save money, the federal government is cutting funding for the IRS. The result may be a loss of revenues costing taxpayers untold billions. By the end of Fiscal Year 2010, $330 billion dollars in federal taxes will remain uncollected. In context, $330 billion dollars represents nearly 9 times...

SEC Approves Whistleblower Rules The SEC has approved the rules regarding the submission of SEC whistleblower claims pursuant to the Dodd-Frank legislation that was passed last year. As reported By David S. Hilzenrath, here, The SEC approved rules Wednesday that could make it highly lucrative for Wall Street whistleblowers and other corporate insiders to alert the agency to...

CVS pays $17.5 million dollars in settlement of Whistleblower lawsuit A recent $17.5 million dollar settlement of Medicaid related fraud reinforces the need for strong Whistleblower protections, and how one single employee can make a difference in exposing fraud and recovering tax dollars for the government. The Whistleblower lawsuit was filed against CVS Pharmacy Inc....

Telecommunication firm pays settlement to resolve suit Two former employees of a large telecommunication company helped the United States government and the state governments of 9 states recover $16.5. The settlement resolves a long-standing suit. In 2004, two former company employees filed a whistleblower suit against Avaya, Inc. for alleged fraud against the government. The two employees claim...

In the Battle Against Fraud, More and More Winners Emerge An aggressive push by the Department of Justice in the past year to investigate and prosecute false claims brings good news for prosecutors and qui tam plaintiffs.The federal government, as well as state governments, are recovering record amounts from successful civil qui tam settlements and judgments, and those rewards...