News & Analysis as of

Fraud

Fraud is the making of false representations or engaging in deceptive behavior in order to unlawfully secure financial or personal gain. 

When The Fiduciary Warranty is Dangerous

by Ary Rosenbaum on

I don’t pull any punches, so I have certainly written many articles about plan providers issuing something called a fiduciary warranty, that is free and doesn’t protect the plan sponsor from almost any liability because plan...more

Weekly Update – They Love Gold Edition

..Lance Armstrong settled a False Claims Act case for $5 million. His cycling team was sponsored at one point by the U.S. Postal Service. Apparently doping violates the terms of federal government sponsorship agreements. Who...more

Credit Card Evolution: Goodbye John Hancock

by Goulston & Storrs PC on

For years, the signature requirement for completing a credit card transaction has felt something like an obsolete means of confirming a user’s identity. ...more

Bridging the Weeks - April 2018 #3

Last week, a broker-dealer was fined US $1.575 million by the Financial Industry Regulatory Authority and other self-regulatory organizations for not complying with market access requirements for gatekeepers, while the...more

Fraud and Forgery: From Vintage Violins to Today’s Real Estate Transaction

Fraud has a long history. In a recent blog in the Orchestrating Real Estate Series, New Things to Consider in Section 1031 after the Tax Cut and Jobs Act of 2017, I discussed how famous violin maker Jean-Phillipe...more

All's Fair in Love and Litigation: The Intellectual Property War of Bumble and Tinder

Last month Match Group, which owns Tinder (as well as OkCupid, Match.com and Plenty of Fish) filed suit against Bumble alleging patent infringement, trademark infringement, and misappropriation of trade secrets. See Match...more

Federal Jury Awards Iowa Businessman $4 Million

by Davis Brown Law Firm on

On Thursday, April 12, Davis Brown attorneys, Stanley J. Thompson and Jason R. Lawrence scored a major victory on behalf of their client, retired Akron businessman, John Lucken. The jury found Heritage Bank of Spicer,...more

Feds Charge Alleged Sham Small Businesses Owners

by Davis Wright Tremaine LLP on

On April 3, 2018, a federal grand jury indicted two Wisconsin residents and a construction business of fraud and other charges accusing them of wrongfully obtaining $200 million in contracts set aside for small businesses by...more

Nights in White Satin – The Continued Pain at Wells Fargo

by Thomas Fox on

The Wells Fargo scandals continue to be one of the starkest lessons about the cost of a corrupt culture and the catastrophic effect it can have on an organization. The former Chief Executive Officer (CEO) and head of the...more

OIG Releases Report Regarding Medicaid Fraud Control Units

by King & Spalding on

Last month, OIG released its Medicaid Fraud Control Units (MFCUs) report for Fiscal Year (FY) 2017. MFCUs investigate and prosecute Medicaid provider fraud and patient abuse and neglect and are jointly funded by the federal...more

Large Bank Agrees to Pay $2 Billion to Settle Charges Concerning Fraudulent Sales of Residential Mortgage-Backed Securities

by Weiner Brodsky Kider PC on

A large bank, along with affiliated entities, recently reached a settlement agreement for $2 billion with the Department of Justice (DOJ) to settle a civil action originally filed in December 2016, in which the DOJ sought...more

Georgia AG Announces $8.5 Million Settlement with Debt Collector

by Goodwin on

On April 4, Georgia Attorney General Chris Carr (“Georgia AG”) announced? an $8.5 million settlement with a national debt collector, resolving allegations that the company violated the Fair Debt Collection Practices Act...more

Plaintiffs’ Notice That the ‘Taxman Cometh’ Was Sufficient to Trigger Statute of Limitations

by Carlton Fields on

In a November 16, 2017 ruling, a California appellate court affirmed a summary judgment ruling in favor of several financial advisors, and insurer American General Life Insurance Company, holding that plaintiffs’ fraud and...more

CAFA’s Local Controversy Exception Requires Class Claims Against Local Defendant

by Carlton Fields on

As we previously reported, in September 2017, a federal district court in Louisiana dismissed with prejudice as time-barred putative class action RICO and state racketeering claims related to alleged wrongful conduct by an...more

Business Litigation Alert: "Texas Supreme Court Ruling Highlights the Importance of Heeding 'Red Flags' During Pre-Contract...

by Porter Hedges LLP on

Last month, the Texas Supreme Court upheld a lower court’s decision to toss a lawsuit by Orca Assets GP LLP against JP Morgan Chase over property in the Eagle Ford Shale. ...more

Weekly Roundup (The Too Busy at the Office on Friday and My Kids Sucked the Life Out of Me Over the Weekend Edition)

..A little federal grant fraud and money laundering up in Alaska ..Every employer really, really has to pay payroll and employment taxes, even in Washington...more

Frightening Facts about Fraud and the Forever War

Did you know that, as of 2008, there’s a good chance the federal government can prosecute you for fraud against the U.S. whenever it wants to, regardless of the statute of limitations? Does that seem alarming to you? Same...more

Federal Court Upholds FERC’s Expansive Use of Anti-Market Manipulation Rule in Power Market “Gaming” Case

On March 30, 2018, the U.S. District Court for the Southern District of Ohio issued an order substantially denying defendants’ Motion to Dismiss the Federal Energy Regulatory Commission’s (FERC or the “Commission”) Complaint...more

Hidden in Orchestra Pits and Behind Corporate Veils

...Corporations and limited liability companies (which I will refer to collectively as a company) can be like a pit orchestra. Depending upon how they are set up, it may or may not be obvious who is behind them. What is...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

Spotify’s unconventional (non-IPO) public listing is off and running, and though it’s early, it sure feels as if the risk was a good one, with the market valuing the company north of $30 billion....more

FTC Cracks Down on Alleged Cryptocurrency Ponzi Schemes

by Weiner Brodsky Kider PC on

The FTC announced that it obtained a federal court order to shut down the activities of four individuals for allegedly operating cryptocurrency Ponzi schemes involving Bitcoin, Litecoin, and Jetcoin....more

MoFo New York Tax Insights - Volume 9, Issue 4

by Morrison & Foerster LLP on

TRIBUNAL REMANDS $100 MILLION SALES TAX REFUND CASE TO ALJ - After the New York State Appellate Division reversed the Tax Appeals Tribunal’s earlier decision denying a sales tax refund of over $100 million, the Tax...more

Weekly Roundup - March 2018 #4

..Lots of pernicious activity in the PNW, beginning with sending a false distress message to the Coast Guard, a big no-no...more

FRANCHISOR 101: Liability as Certain as Death & Taxes

by Lewitt Hackman on

Structuring a franchise to reduce risk of joint employment and vicarious liability means limiting a franchisor's control over franchisees. This is a challenge in a professional services franchise, where the brand is...more

Data Privacy + Cybersecurity Insider - March 2018 #5

by Robinson & Cole LLP on

Power Company Fined for Contractor Copying Data to its Own Insecure Network - Vendor management continues to be a problem for all industries, but some are scarier than others. The North American Electric Reliability Corp....more

2,156 Results
|
View per page
Page: of 87
Cybersecurity

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.