TAFEF Intergrity in Goverment Awards 2012

 
Taxpayers Against Fraud Education Fund is pleased to announce New York Attorney General Eric Schneiderman and Preet Bharara, U.S. Attorney, Southern District of New York, as our "Honest Abe" Inregrity in Government award winners for 2012.
 

  • New York Attorney General Eric Schneiderman
    TAF Education Fund “Honest Abe” Integrity in Government award  winner, 2012

    As a State Senator, New York Attorney General Eric Schneiderman authored and helped enact the toughest and most comprehensive state False Claims Act law in the nation and the first state FCA to cover taxes as well as contract and health care fraud.

    In his first weeks in office, Attorney General Schneiderman launched a new "Taxpayer Protection Bureau" to root out fraud and return money stolen from New York taxpayers, an initiative which is already yielding substantial returns. In addition, Mr. Schneiderman’s office is in charge of New York’s Medicaid Fraud Control Unit, which is one of the most active of such units in the country, 

    Attorney General Schneiderman this year filed the first tax enforcement case brought under New York’s False Claims Act, an action alleging that Sprint failed to pay pay proper state taxes on cell phone sales and services. Single damages alleged in this case are calculated at $100 million, and the state is seeking a treble damage recovery of $300 million.

    In addition, Attorney General Schneiderman has filed a civil lawsuit under the New York False Claims Act and the Martin Act, seeking to recover more than $2 billion on behalf of New York and other states in a case alleging that the Bank of New York Mellon systematically overcharged investors in foreign exchange currency trades.

    Attorney General Schneiderman has not just led in the False Claims Act arena – he has also taken a leadership role in the national fight for a comprehensive investigation of misconduct in the mortgage industry, pushing for a fair settlement for homeowners which will hold banks accountable for their role in the foreclosure crisis and allow a full airing out of the facts to ensure that abuses of this scale never happen again.

     

  • U.S. Attorney Preet Bharara
    TAF Education Fund “Honest Abe” Integrity in Government award winner, 2012

    As U.S. Attorney for the Southern District of New York, Mr. Bharara supervises an office of more than 220 Assistant U.S. Attorneys who handle a high volume of cases that include white collar crime, domestic and international terrorism, narcotics and arms trafficking, public corruption, gang violence, organized crime, and civil rights violations.A

    s U.S. Attorney, Mr. Bharara has distinguished himself by focusing on large-scale, sophisticated financial frauds which have been tackled by two units he moved to create – the Complex Frauds Unit and the complementary Civil Frauds Unit.

    So far, the Civil Frauds Unit has brought in more than $500 million in settlements, including multi-million dollar False Claims Act settlements with Deutsche Bank and CitiMortgage for fraudulent lending practices.

    The U.S. Attorney’s office has also joined a False Claims Act lawsuit against Bank of New York Mellon charging that bank with systematically overcharging investors in foreign exchange currency trades, and defrauding clients of more than $1.5 billion.

    In addition, the U.S. Attorney’s Office for the Southern District of New York recently secured the guilty plea of Peter Madoff for his role in the Bernie Madoff Ponzi scheme, as well as a $7.2 billion forfeiture from the estate of Jeffrey Picower in the same case – the largest forfeiture in U.S. history.

    Mr. Bharara recently concluded a two-year term as a member of the U.S. Attorney General’s Advisory Committee and as Chair of its Subcommittee on White Collar Fraud. He is Co-Chair of the Securities and Commodities Fraud Working Group of the interagency Financial Fraud Enforcement Task Force.

 

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