False Claims Act Update & Alert

 
 

Taxpayers Against Fraud Education Fund | Washington, D.C. | WWW.TAF.ORG          
April 6, 2010

 
  .  
.
   

Subscribe to this
FREE Newsletter

Enter your Email

Powered by FeedBlitz


n TAF Home Page

n Previous Newsletters

n Email editor
 

Please take a moment to forward this FREE electronic newsletter to others that might be interested!

ExxonMobil to Pay $32 Million for Fraud... and No Taxes in FY 2009
Mobil Natural Gas and affiliates, have agreed to pay $32 million to settle a False Claims Act lawsuit charging the company with knowingly cheating on royalties owed for pumping natural gas from federal and American Indian leases between 1988 and 1999.  Mobil merged with Exxon to become ExxonMobil in November 1999.  In other news, Forbes reports ExxonMobil paid no U.S. income taxes in 2009 .

    


DoJ Joins Against KBR in Iraq

The Department of Justice has f iled a FCA case again Kellogg Brown & Root (KBR) alleging they violated the False Claims Act by charging the U.S. Government for private armed security and allowing 33 of their subcontractors to do the same under the LOGCAP III contract, despite the fact that such charges were expressly forbidden. >>  To read more


SD of NY Forming Civil Fraud Unit
U.S. Attorney Preet S. Bharara of the Southern District of New York has created a new six-person civil fraud unit to go after major fraud cases, including False Claims Act cases.  Andrew W. Schilling has been named chief of the new civil division.  >> To read more
 

Whistleblowers Find
More Fraud than Regulators
An analysis of 216 cases of corporate fraud from 1999 through 2004 found employees were the whistleblo wers in 17 percent of the cases – the highest percentage of any group. Short sellers ranked second at 14.5, analysts third at 13.8 percent, and the SEC fourth at only 6.6 percent.  >> To read more  
 

NJ Hospital to Pay $6.35 Million
Ro bert Wood Johnson University Hospital in Hamilton, New Jersey, has agreed to pay $6.35 million to settle allegations it defrauded Medicare by inflating outlier payments. >> To read more

SEC Inspector General Says
Old Bounty Program is Failure
The Inspector General of the SEC says "the current SEC bounty program is not fundamentally well-designed to be successful," and notes that in 21 years of existence, it has made only 5 payments totaling a little over $159,000.
>> To read more (PDF)
.
 
  .