The Washington Post should be a good read tomorrow, with two very big fraud cases popping out into public view.
The first fraud case is in New York, where the Attorney General will be using the state False Claims Act and the Martin Act to go after $2 billion worth of public employee pension fraud done by Bank of New York Mellon when they were skimming foreign exchange transactions. Virginia, California, Florida and Arkansas have alread joined a similar case in their respective states, and other banks (such as State Street) will rack the money count even higher before it's all over.
The second fraud case is a bit smaller and deals with several hundred million dollars stolen from the U.S. Treasury and from disabled veterans when disallowed legal costs were baked into their home mortgage documents. The disabled veterans were pickpocketed on the front end, and mugged like the rest of us on the back end.
These kind of cases are why the Gibbet was invented.
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The first fraud case is in New York, where the Attorney General will be using the state False Claims Act and the Martin Act to go after $2 billion worth of public employee pension fraud done by Bank of New York Mellon when they were skimming foreign exchange transactions. Virginia, California, Florida and Arkansas have alread joined a similar case in their respective states, and other banks (such as State Street) will rack the money count even higher before it's all over.
The second fraud case is a bit smaller and deals with several hundred million dollars stolen from the U.S. Treasury and from disabled veterans when disallowed legal costs were baked into their home mortgage documents. The disabled veterans were pickpocketed on the front end, and mugged like the rest of us on the back end.These kind of cases are why the Gibbet was invented.
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1 comment:
Not to mention the fraud found in Army Corps of Engineers' contracts. Big day at The Washington Post, for sure.
Seahorse
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