The New York Times today ran an article titled "The Price Whistle-Blowers Pay for Secrets," in which lawyers and government officials warn potential whistleblowers of the risks and pitfalls of, well, blowing the whistle. One lawyer is quoted in the article as saying, "You see a high degree of bankruptcies. You may find yourself unemployable. ...
The U.S. Department of Justice celebrated the 25th anniversary of the 1986 amendments to the False Claims Act today. The False Claims Act has been called the single most important tool that American taxpayers have to recover funds when false claims are made to the federal government, including health care fraud, mortgage fraud, and procurement fraud. ...
A federal judge increased United Technologies Corp.’s False Claims Act penalties by 40 percent, to $664.4 million, Reuters reported earlier this month. Last month, Connecticut-based UTC was found liable for $473 million in damages and penalties arising from a contract with the U.S. Air Force for fighter aircraft engine, the highest recovery ever obtained by the...
Mohanbi “Mohan” Ramchandani and his business Mohan’s Custom Tailors, located in Manhattan, pleaded guilty to tax evasion and agreed to pay $5.5 million in damages and penalties to settle a first of its kind prosecution for tax evasion under New York State's False Claims Act. The guilty plea related to a ten-year scheme to evade payment of New York...
New Jersey-based Par Pharmaceutical Companies Inc. pleaded guilty in federal court yesterday and agreed to pay $45 million to resolve its criminal and civil liability in the company’s promotion of its prescription drug Megace® ES for uses not approved as safe and effective by the Food and Drug Administration (FDA) and not covered by federal health care programs, the...
