US Attorney Preet Bharara said that 'slush funds' held by the government, should set off the alarm bells for all honest elected officials:
“The public deserves to see where their money is going and for what purpose. Who puts the money in? Are there subcontractors? Shell companies? Be on top of that. Be wary of slush funds for council members.”
The team of fraud-fighters assembled by U.S. Attorney Preet Bharara in the Southern District of New York continues to rack up the victories.
A whistleblower-initiated lawsuit originally filed in 2012 by former Novartis employee David Kester alleges the pharmaceutical giant engaged in illegal referral agreements with specialty pharmacies to boost sales of its drugs.
This Week in Fraud is a peek into the world of whistleblowing and incentivized integrity programs. Each week we highlight important case settlements, industry developments, and general points of interest. Take a moment and see what is happening this week in fraud.
"It doesn't matter how loud someone blows the whistle if the referees are wearing earplugs." - Preet Bharara
The federal government has joined a whistleblower-initiated False Claims Act lawsuit civil filed against Bank of America for systematically misrepresenting the quality of home loans it sold to mortgage-finance firms Fannie Mae and Freddie Mac.