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False Claims Act Update & Alert |
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Taxpayers
Against Fraud Education Fund | Washington, D.C. |
WWW.TAF.ORG
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n TAF Home Page n Previous Newsletters n Email editor
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 Will
New York Be the Decider?
New
York Attorney General Eric
Schneiderman seems to be poised to
take the lead in two major fraud
inquiries: one into whether banks
have improperly skimmed hundreds of
millions of dollars from state and
local pension funds during foreign
currency transactions, and another
dealing with massive
mortgage frauds
that may have cost taxpayers
hundreds of millions of dollars due
to foreclosures on homes purchased
with
government-backed loans.
>>
To
read more
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 Medco and AstraZeneca
Receive Joint Subpoenas Over Kickbacks Medco and AstraZeneca have received joint subpoenas from DoJ involving possible kickbacks paid by AstraZeneca to Medco for putting the acid-reflux drugs Prilosec and Nexium drug on its formulary. >> To read more | ||||||
 DoJ
Sues Mortgage
CompanyRobert S. Luce, president and founder of MDR Mortgage Corp, has been sued under the False Claims Act by the U.S. Department of Justice for falsely representing to HUD that he was not under criminal investigation or indictment. In fact, Luce was under indictment for mail fraud, wire fraud, and obstruction of justice in another matter. So far, HUD has had to pay more than $1.6 million to settle 90 FHA-insured loans made by MDR which were later defaulted on. >> To read more | ||||||
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The Dodd Frank Wall Street Reform and Consumer Protection Act required the U.S. Commodity Futures Trading Commission (CFTC) to propose and adopt its own set of whistleblower rules. The CFTC proposed its rules in December 2010 and, after a brief hiccup due to a small procedural issue, those rules are expected to be finalized later this month. >> To read more |
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CFTC
Whistleblower Rules Ahead
Confessions
of an SEC Whistleblower