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Industries for the Blind Settles Chinese Import Fraud Suit by Daniel Seiden | Bloomberg Law Industries for the Blind Inc. will pay $1.9 million to settle a whistleblower’s claims that it violated the False Claims Act by providing the federal government with goods from China and Taiwan despite promising to provide goods produced by disadvantaged workers in the United States, according to a Tuesday news release. IBI allegedly engaged in a scheme to purchase cheaper goods from those countries and pass them off as products eligible for sale to federal agencies under the AbilityOne program, the press release said.…
Nonprofit agrees to pay $1.9M fine after whistleblower suit over products it claimed were made by visually impaired Americans by Bruce Vielmetti | Journal SentinelSeptember 29 2020 (107K) A West Allis nonprofit that operates nationwide has agreed to pay $1.9 million to the federal government after a whistleblower exposed it for repackaging Chinese products and claiming they had been made by visually impaired Americans. Such claims helped Industries for the Blind and Visually Impaired earn the agency Ability One certification, a major advantage in winning contracts with government agencies like the U.S. Navy and Air Force. Paul Inzeo, the company’s…
JP Morgan Securities – Big Doesn’t Mean Better JP Morgan Securities – Bigger Doesn’t Mean Better JPMorgan Chase is the largest bank in the United States and the 7th largest in the world. With assets of $2.86 trillion, it certainly is big. It also claims to be one of the oldest financial institutions in the country. But that doesn’t mean its brokerage arm is without problems. We first wrote about problems in its brokerage business back in 2011. According to its website, JP Morgan is a leader in financial services for consumers. In the year we first wrote about the…
Stem cell therapy is one of the most promising developments in medicine. Over 1000 trials are currently underway. While we are big supporters of stem cell research, few products have received FDA approval and of those that have, they are only approved for use in very particular situations. Look at the Internet, however, and stem cell therapy can grow hair, restore hearing, regenerate damaged heart muscle, cure arthritis and cure just about anything else wrong with you. At best, these unapproved products are composed of freeze dried cells and will do nothing for you. In other words, you are out…
QuantaDyn Corporation Pays $37 Million to Resolve False Claims Act Charges Whistleblower lawyers have long known that bribing foreign public officials can lead to cash rewards under the Foreign Corrupt Practices Act. That law gives the SEC the right to pay whistleblower rewards in certain circumstances. But what about companies that bribe American officials in order to obtain a competitive business advantage? Can whistleblowers receive cash rewards for turning in these companies? A case in San Antonio, Texas finally answers that question. Justice Department officials this week announced that QuantaDyn corporation and its president, William Dunn, settled charges them of…
Stem Cell Maker Invitrx Is in Trouble Again. Are Its Products Safe? You Be the Judge! We are one of the few law firms still handling stem cell lawsuits. The industry has become the wild west. It seems like there are more bad products out there than good. And some of the claims being tossed around would make a 19th century snake oil salesman blanche. In this post we look at Invitrx, the FDA and William Shatner. As I write, William Shatner (we all remember him as Captain James T. Kirk of the Starship Enterprise) is hawking a cleaning device…
The FDA Announces a Major Amiodarone Recall – Some Patients May Have Received the Wrong Drug Google “Is amiodarone dangerous” and you will receive 292,000 search results. A so-called drug of last resort, amiodarone is very dangerous. In our opinion, the cure is often far worse than the disease it is intended to treat. From its first beginnings as a  prescription anti-arrhythmic drug in 1985 to the hundreds of lawsuit claims to day, this powerful prescription drug has always had plenty of detractors. In this post we will provide a litigation update and discuss the new FDA announcement recalling amiodarone…
IRS Looking for Tax Cheats Using Cryptocurrencies to Evade Taxes – Huge Opportunities Exist for Cash Awards [Rewritten August 2020] America has a bunch of new millionaires and even a few billionaires. These aren’t the titans of the Industrial Revolution in America. No oil barons or railroad magnates. Instead they are people who invested early in Bitcoin and other cryptocurrency offerings. And their meteoric rise in wealth hasn’t escaped the watchful eye of the IRS. When we first wrote this post in 2018, Bitcoin was on its way to almost $20,000 to one Bitcoin. Shortly thereafter the price of Bitcoin…
Help for Roundup Cancer Victims & Monsanto Whistleblower Insiders It’s Not Too Late to File a Roundup Claim Have You Been Exposed to Roundup or Ranger Pro? You May be at Risk of Lymphoma, Leukemia or Myeloma. Seeking Monsanto Roundup Cancer Victims Exposed to Roundup – Roundup Cancer Lawyers Post [Updated August 2020] The number of late night TV commercials seeking cancer victims who used Roundup weedkiller are finally starting to diminish. And there is news circulating that Bayer Monsanto settled the Roundup cases for $10,000,000,000.00. That has caused quite a bit of confusion. Is it too late to file…
Coronavirus causes a record number of hotels to default on their loans: report by Sarah Paynter, Yahoo! Finance (66K) Almost a quarter of hotels were delinquent on their mortgage payments in July, the highest rate on record, according to a new report. Some 23.4% of commercial mortgage-backed security (CMBS) loans, which finance many hotels, were more than 30 days late in July, totaling $20.6 billion. Only 1.34% of hotel CMBS loans were in default in July 2019, according to Trepp, a New York City-based data, analytics and technology company. “If hotels don’t get more help, we will start to…
SBA PPP Program Frequent Target of Fraud – Whistleblower Reward Opportunities We are not big fans of the billing practices of big defense contractors. We need the products they sell but the prices they charge seem outrageous. Most people probably remember the scandal when the Defense Department was paying $14,000 for toilet seats and cups for $1,280. The greed doesn’t stop there. A Virginia Beach, Virginia based defense contractor that already receives billions of dollars in taxpayer funds thought it needed Payroll Protection Program monies set aside for small businesses. Atlantic Diving Supply sounds like a little mom and pop…
The IRS Goes Down Under (FATCA Post) [Post updated 2019] An article in the Australian Financial Review claims that the IRS is ramping up its activities in Australia. According to the article, the IRS is “scrutinizing the tax affairs of United States citizens living in Australia with renewed intensity, as the worldwide battle to shore up dwindling government tax reserves heats up.” The source of their story is Australian accountants. We aren’t surprised by the headline. In fact, the IRS is searching worldwide for unreported income and unreported foreign accounts. Obama’s FATCA legislation (Foreign Account Tax Compliance Act), passed in…
Sencer Sevket – International Jet Setting Fraudster? [Originally posted in October 2010, now updated through 2020.] (Editors note: One of the best investigative journalists in the business is David Marchant. This story was first reported by David.) British citizen Sencer Sevket formed a mutual fund in the Cayman Islands after a U.S. federal court issued a warrant for his arrest on charges of investment fraud and despite an unpaid $21 million dollar judgment from US Bank.  How does this happen? According to the warrant issued by the U.S. District Court for the District of South Carolina, Sevket solicited $10 million…
How Restaurants Can Tackle COVID’s New Insurance Challenges by Rachel Pittman | QSR (99K) When the coronavirus pandemic began, many brands found themselves facing unforeseen liabilities. Here’s how to protect against that in the future. It’s all too easy for operators to leave the fine print of their brands’ insurance policies to agents. The world of insurance is complex, and often operators take their providers’ recommendations at face value, or simply let their policies roll into a new year with little examination. But as the industry continues to grapple with the coronavirus pandemic, operators need a new, more vigilant approach…
Lose Money with Independent Financial Group or Stockbroker Haynes Kendall? Call Us! The securities fraud lawyers at Mahany Law are investigating Haynes Kendall, a stockbroker and investment adviser employed at both Independent Financial Group LLC and Capital Financial Consultants Group. An investor reports losing a significant portion of his / her savings after investing it with Haynes Kendall. The customer claims his accounts were churned. Churning occurs when a broker executes a large number of trades with the goal of generating commissions from the account. The allegations that we have learned both about Mr. Kendall and Independent Financial Group are…
IRS Pays Cash Whistleblower Rewards for Information about Unreported or Unpaid Taxes. Learn How to Collect Your Reward “Will I get caught?” is one of the most common questions asked by potential tax cheats. The temptation to cheat the IRS is overwhelming for thousands of Americans. While no one knows whether and when they will be caught, the IRS has become much better at finding those who evade taxes. One of the best weapons in the government’s arsenal is the IRS Whistleblower Program. Depending on the type of tax problem, your chances of getting caught vary widely. For example, in…