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Archived Latest Securities News Articles Page: 1
How You Can Join The Anti Fraud Team And Get Paid Too!
February 4, 2012 @ 11:43 am
   

by Joe Bird

You hear about it all too often. Your neighbors tell you about schemes they heard about run by “those guys” or unnamed friends to make lots of easy money. Sometimes it a boast at a party or social event about making millions by evading taxes or calling something it is not and just submitting a few forms to the government and receiving money or tax credits. Sometimes it is just a clever and creative application of lawful ideas, but sometimes not. Sometimes it is too clever, too easy, too good to be true or legal. Witness Bernie Madoff and his Ponzi s...
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Royal Alliance Associates Sues Ponzi Scheme Victims to Block Arbitrations; Attorneys for Victims Seek to Consolidate Cases
February 4, 2012 @ 11:16 am
    Fort Lauderdale, Florida, February 4, 2012 (Globe Newswire) –Royal Alliance Associates, an  AIG Advisor Group division owned by American International Group (NYSE: AIG), sued victims of a Ponzi scheme to block pending FINRA arbitration claims, where the victims have alleged that Royal Alliance Associates failed to supervise the sales agents who sold the fraudulent investments, says Sonn & Erez PLC, cocounsel for the victims. The victims’ attorneys, Jeffrey Sonn, Esq. and the Law Firm of Nicholas J. Guiliano have moved to consolidate the nine federal court suits by R...
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Health Care Fraudsters Busted
February 3, 2012 @ 8:38 pm
   

by Brian Mahany

Health care fraud costs the government and taxpayers billions of dollars. It is anything but a victimless crime. Fraud means higher insurance premiums causing some people to go without medical care. Because the federal government funds much of health care, taxes also go up when Medicare money is used to pay false claims. Earlier this week, a federal jury convicted one fraudster of submitting over $2 million in false claims to Medicare.

On February 2nd, the jury convicted Detroit area resident Tariq Mahmud of one count of conspiracy to commit health care fraud a...
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The Bully Behind the Curtain
February 3, 2012 @ 7:51 pm
   


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