A federal judge says that a former qui tam whistleblower's voluntary decision to walk away from a fraud action he filed now "precludes him from clambering back on board for a share of the government's proceeds."
When many people in Connecticut and elsewhere conjure up images of victims susceptible to investment and other types of securities fraud, they might reasonably picture an isolated elderly person who lacks financial acumen, keeps money stashed around the house and is eager to talk with anyone who might call on the phone.
We all know that there is no dearth of con artists working hard in unscrupulous businesses and industries across the country, seeking to take the hard-earned money -- indeed, the life savings -- of victims who are not constantly on guard against consumer fraud.
We duly note on a relevant page of our website at the national law firm of Shepherd, Finkelman, Miller & Shah, LLP, that our attorneys "have represented clients in a number of significant cases under the False Claims Act."
You get what you pay for, right?
It got caught cheating and continues to pay a price -- a very heavy price -- for that transgression.
As we note on a relevant page of our website at the results-driven national law firm of Shepherd, Finkelman, Miller & Shah, LLP, the seminal Dodd-Frank legislation has placed a strong spotlight on fraud in the securities industry in recent years.
On Friday, September 23, 2016, Yahoo Inc. ("Yahoo" or the "Company") was hit with three proposed class action lawsuits, two in California and one in Illinois, just one day after the Company announced it had been hacked in 2014. The Company revealed that over 500 million people had their personal information, including names, passwords, security questions and answers, dates of birth, email addresses, and telephone numbers stolen from Yahoo's online database. The Company believes that the hack was executed by a state-sponsored actor - in other words, an unidentified foreign government.
Often it is not an agent or department within the federal government that espies fraud that is stealing the money of American taxpayers.
Apparently it was just that simple.