Posts Tagged ‘Fraud’

California Medical Doctors Charged with Fraud and Conspiracy

Monday, December 13th, 2010

According to the American Association for Justice:  “The AP (10/29, Risling) reported two doctors ‘led a $5 million scam in which mentally ill homeless patients were paid $100 each for unnecessary treatments that were fraudulently billed to Medicare and Medi-Cal,’ Los Angeles prosecutors said Friday. Drs. Rodney Barron and Eleanor Arthur ‘were arrested Friday and along with five others charged with misdemeanor conspiracy, fraud and taking illegal kickbacks. If convicted, they each could face up to seven years in prison.'”

Consumer Fraud Update: Justice Department Opens Criminal Probe on Goldman Sachs

Monday, May 3rd, 2010

Less than two weeks after the Securities and Exchange Commission filed civil fraud charges against giant bank Goldman Sachs, it’s being reported that the Justice Department has opened an investigation into possible criminal charges as well.  Penoyer Law will follow this story and provide updates as they become available.  For those interested in reading more about the probe reportedly underway by the U.S. Attorney’s Office in New York, read a recent Washington Post article here.

SEC Files Civil Fraud Charges Against Goldman Sachs

Tuesday, April 20th, 2010

On Monday, the Securities and Exchange Commission (SEC) filed civil fraud charges against Goldman Sachs, alleging it marketed securities to customers knowing they would fail.  Goldman Sachs is one of the nation’s largest banks.  The SEC has jurisdiction to regulate banks and file civil complaints seeking money damages when it believes a fraud has occurred.  Goldman Sachs has publicly stated it will vigorously defend the charges.  The bigger public policy battle underway is to what extent private banks should be held responsible–and ultimately regulated more strictly–for the financial crisis.  For a comprehensive article regarding the case, see