Professionals from myriad industries have unquestionably felt the increased scrutiny of civil regulators and criminal law enforcers in recent years, both at the state and federal levels. An increased national emphasis has clearly emerged concerning the identification and punishment of alleged wrongdoing in the realm of fraud and white collar criminal activity.
Yes, there are legitimate cryptocurrency-linked entities doing business in Texas, say state financial regulators. A ranking securities official notes, though, that “all the toxic companies” vying for public attention make it flatly hard for a consumer to find one.
The maxim “absence makes the heart grow fonder” was likely never used relative to a much-feared and widely disliked tax collection program administered by the IRS prior to its recent notation in an article written by a former government official.
There are scores of federal agencies across the country, with most of them not garnering any particularly strong reactions from Americans who contemplate them.
Those is the health care industry might sometimes reasonably feel as though there is a looming presence just behind them.
The term "cryptocurrency" is certainly something that didn't appear in any dictionary a few short years ago.
The 2010 Dodd-Frank legislation that materially revamped securities law -- especially whistleblowers' role in reporting it and sharing in recoveries -- has always been a lightning rod for contention and debate. As we noted in our February 26 blog entry, the legislation "continues to incite passions and commentary even today."
There are multiple takeaways in the wake of a recent conclusion to a federal fraud case. These two stand out as especially prominent:
We referenced so-called "qui tam" lawsuits (cases filed by plaintiffs on behalf of both those individuals and the government) under the U.S. False Claims Act in a prior blog post. We noted in our January 24 entry that such claims, which target fraud against the federal government, apply to "a gamut of schemes" focused upon all manner of industries and concerns.
Fraud committed by bad-faith actors against Texas and national taxpayers runs a gamut of schemes that entail the purposeful fleecing of federal agencies and other entities.