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False Claims Act
Update & Alert |
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Taxpayers
Against Fraud Education Fund | Washington, D.C. |
WWW.TAF.ORG
June 24, 2011 |
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 Questions
are Being Asked About the
IRS Whistleblower Program
After five years, the IRS whistleblower program has
only one settlement under its belt and Congress,
whistleblowers, and the public are
starting to ask
questions. What's going on? One answer
suggested by an interview with the former Chief
Counsel of the IRS, is that top management outside
of the whistleblower office may be sabotaging the
program because they see it as something forced down
their throats by Capitol Hill. One thing is for
certain: the Obama Administration and Congress are
not going to be able to convince the public that
it's a good idea to raise taxes or cut
benefits so long as scores of billions of dollars
are being left on the table in the form of
languishing IRS whistleblower cases. >>
To read more
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 KPMG
Says Top Managers
Most Likely to be Fraudsters
Top managers are the
mostly likely employees to be major corporate crooks
according to a new report from accounting firm KPMG. Not
surprisingly, management reviews seldom uncover
corporate crimes. Who does uncover fraud?
Whistleblowers and anonymous tip-offs.
>>
To read more
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 New
York "CityTime" Fraud
The cost of
"CityTime," New York City's municipal payroll
system, has ballooned from $68 million to more
than $700 million, with fraud permeating
"virtually every level" of the contract says
U.S. Attorney Preet Bharara. Two New Jersey
employees at TechnoDyne, a consulting company
that worked on the contract, are accused of
handing out more than $40 million in kickbacks.
Carl Bell, a chief systems engineer at SAIC, the
lead contractor, has pled guilty to charges he
received millions of dollars in payola.
>>
To read
more
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Is Justice
More Than Blind?
Sam Antar, the
former CFO of Crazy Eddie Inc., is a convicted felon and
the author of the White Collar Fraud Blog. He
knows a thing or two about fraud and he sees the modern
era as a
Golden Age for
corporate crooks:
"Our government is making it easier for criminals to
commit white-collar crime. The Obama Administration is
permitting the Justice Department and SEC to rely on
internal investigations by suspected wrongdoers.
Republican Congressman Darrell Issa wants to gut the SEC
to make it completely ineffective in policing the
capital markets. Republican Presidential hopeful
Michelle Bachmann wants to completely repeal Dodd-Frank,
so white-collar criminals will never have to worry about
potential whistleblowers. Small cap companies have been
exempted from certain internal control provisions of
Sarbanes-Oxley. The Supreme Court has narrowed the
definition of honest services fraud. New York City has
ten times more cops than the SEC has employees and twice
as many cops than Special Agents employed by the FBI. I
should have been a criminal today, rather than in the
1980s. I could have avoided prosecution for my crimes.
Maybe, it's time to end my
retirement
from white-collar crime?"
>>
To read more
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 Medicare
Data Mining
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