Archive for June, 2012

Losses due to identity theft on the rise

Filed June 29th, 2012 joshua

Losses caused by identity theft have risen sharply in recent years and last year in California marked an all-new high for these crimes. A new report released by California Public Interest Research Group says state authorities must do more to protect individual Social Security Numbers from the various outlets seeking to steal identities. “California state […]

Supreme Court says Glaxo drug reps not entitled to overtime pay

Filed June 27th, 2012 joshua

The Supreme Court ruled this week in a split decision that drug representatives of pharmaceutical giant GlaxoSmithKline are not entitled to overtime pay because they are salespersons. According to a Reuters report, the high court’s ruling will impact at least 90,000 employees of GlaxoSmithKline who travel around the country to physician offices and hospitals in […]

Yonkers laundry company accused in federal wage dispute lawsuit

Filed June 13th, 2012 joshua

A laundry and cleaning service based in Yonkers, N.Y., is facing federal charges related to violations of the federal Fair Labor Standards Act. According to a report from, the Dept. of Labor has filed charges against Serklan Inc. and its president, Yong Hee Lee, on charges he violated federal minimum wage and overtime pay […]

Florida precious metal investment firm accused of $10M in fraud

Filed June 7th, 2012 laurie

A Florida company is being accused of bilking consumers out of more than $10 million in a fraudulent investment scheme involving precious metals. According to an Orlando Sun-Sentinel report, Sterling Precious Metals has had its assets frozen by the Federal Trade Commission, which believes the company targeted mostly senior citizens with telemarketing campaigns aimed at […]

Securities Fraud Task Force Launched in South Florida

Filed June 6th, 2012 Julie

On Monday, South Florida’s U.S. Attorney, Wilfredo Ferrer and a top FBI agent announced South Florida ranks No. 2 in the country for securities and investment fraud investigations, leading to the prosecution of 85 defendants and over the past year and-a-half. Ferrer launched a federal securities fraud task force to operate the same as other […]

Collective Wage and Hour Lawsuits Up Significantly

Filed June 6th, 2012 Julie

The number of collective action lawsuits alleging wage and hour violations is up 400 percent in the last 11 years. According to a recent post at CNNMoney, there were over 7,000 such lawsuits filed in federal courts in 2011, which is an enormous increase since the turn of the century. The lawsuits have been filed […]

Hurricane Season Prompts Fraud Warning

Filed June 5th, 2012 Julie

Louisiana Attorney General Buddy Caldwell is warning the public to beware of consumer fraud during hurricane season. “Hurricanes can cause much more than physical damage,” said Caldwell. “Unfortunately, hurricane season is also a time in which unscrupulous con-artists can try to capitalize off of your misfortune. Even in emergency situations, it pays to be a […]

Accretive official apologizes for debt collection practices at Minnesota hospitals

Filed June 5th, 2012 laurie

An official with Accretive Health and one from a Minnesota hospital each apologized for allowing aggressive debt collection practices on patients prior to receiving care. According to a report from Fox-affiliate KMSP-TV in Minneapolis, the officials testified at a special hearing of a Senate committee investigating reports of aggressive and deceptive debt collection practices used […]

Countrywide whistleblower gets $14.5M as part of federal settlement

Filed June 1st, 2012 laurie

The man who “blew the whistle” on fraudulent loan practices at Countrywide Financial has been awarded $14.5 million as part of a settlement between the company and state and federal officials investigating his claims. According to a report from Atlanta Journal-Constitution, Kyle Lagow accused his employer of “inflating appraisals on government-insured loans” and those allegations […]