Investment Fraud, Negligence, and Ponzi Schemes

Ponzi Schemes are fraudulent investment scams that pay returns to investors from their own money or money paid by subsequent investors rather than from any actual profit earned. Their name comes from Charles Ponzi, who duped thousands of people into investing in a postage stamp speculation scheme back in the 1920s. Ponzi thought he could take advantage of differences between U.S. and foreign currencies used to buy and sell international mail coupons. Ponzi told investors that he could provide a 40% return in just 90 days compared with 5% for bank savings accounts. Ponzi was deluged with funds from investors, taking in $1 million during one three-hour period. Though a few early investors were paid off to make the scheme look legitimate, an investigation found that Ponzi had only purchased about $30 worth of the international mail coupons. Now the term "Ponzi Scheme" applies to investment scheme that "rob-Peter-to-pay-Paul", money from new investors is used to pay off earlier investors until the whole scheme collapses.

Breach of Fiduciary Duty, Conflicts, and Failure of Checks and Balances

With the Madoff and Stanford Group Investment Fraud Allegations has come other allegations that stock brokers, lawyers, accountants, fund managers, investment firms, auditors, and other companies and people that should have recognized fraud have committed negligence, fraud, breach of fiduciary duty, conflicts of interest, and other violations of law that may make them liable for investors' losses. Many investors are beginning to realize that their may be a way to recoup some or most of the money that they lost from their retirement funds, life savings, or other investment.

For more information on large investment fraud news and allegations or seeking compensation for a breach of fiduciary duty, conflict of interest, or failure of checks and balances, please go to the following web page on Investment Fraud, Ponzi Schemes, Conflicts of Interest, Negligence, and Breach of Fiduciary Duty Claims.

Gadolinium Contract Dye and Nephrogenic System Fibrosis Lawsuits

Gadolinium is a rare earth metal that can be put into dyes and injected into the blood stream to enhance MRI and MRA images. Unfortunately, the use of Gadolinium contrast dyes in people can cause nephrogenic systemic fibrosis (NSF) in patients with kidney problems. Nephrogenic Systemic Fibrosis is a debilitating and potentially fatal disease for which there is no known cure. It is believed that even though some pharmaceutical companies knew about the painful, debilitating, and life-threatening side effects of Gadolinium contrast dyes as early as April 2006, they hid the potential problems caused by the use of Gadolinium in dyes. Though they sold more products, the continued use of dyes with Gadolinium has likely unnecessarily injured and killed many people.

Gadolinium Contract Dye and Nephrogenic System Fibrosis

Persons with kidney problems should avoid any dyes with Gadolinium and should be aware of this potential danger if they are having an MRI or MRA done. Nephrogenic systemic fibrosis (NSF) or Nephrogenic fibrosing dermopathy is a rare and serious syndrome that involves fibrosis of skin, joints, eyes, and internal organs. Scientific research has recently discovered an association between nephrogenic system fibrosis with exposure to gadolinium in patients with severe kidney failure.

In NSF, patients develop large areas of hardened skin with fibrotic nodules and plaques. Flexion contractures with an accompanying limitation of range of motion can also occur. NSF resembles scleromyxedema at the histologic (microscopic) level; it shows a proliferation of dermal fibroblasts and dendritic cells, thickened collagen bundles, increased elastic fibers, and deposits of mucin.

People that have had MRIs and are having unexplained symptoms including skin hardening, fibrotic nodules, strange lesions, deep pain, joint pain, and inability to walk or use of their joints, should contact their doctors to determine if they have Nephrogenic systemic fibrosis (NSF), Nephrogenic fibrosing dermopathy, or renal insufficiency.

For more information on Nephrogenic Systemic Fibrosis or a potential Nephrogenic Systemic Fibrosis law suit, feel free to go to the following web page Nephrogenic System Fibrosis and MRI Contrast Dye Lawsuits.

TARP Fraud Lawsuits, Theft of Government Funds, and Bailout Fraud Lawsuits

The Troubled Asset Relief Program (TARP) is a $700 Billion Government Bail Out of the troubled United States Banking and Credit System. It was designed to unfreeze the credit market and enable the government to purchase residential and commercial mortgage assets, including whole loans and securities. Unfortunately, after it was announced numerous Corporate interests began scheming on how to get as much of the Bail Out money as possible and use the money not for its intended purpose, but to enrich the corporations and CEOs that were able to fraudulently get a portion of the money.

Other Bail Out Fraud Lawsuits and Qui Tam Lawsuits

The Bail Outs of AIG, Fannie Mae, and Freddie Mac also may lead to potential qui tam claims as approximately $300 Billion in government funds are being used to save these private and quasi public entities. The federal takeover of Fannie Mae and Freddie Mac places a conservatorship on government sponsored enterprises Fannie Mae and Freddie Mac by the US Treasury in September 2008.

American International Group, Inc. (AIG) has also been the recipient of a large government bail out. Like the TARP money, the AIG bail out needs to used for its intended purpose and not to enrich the wealth of a few that find ways to steal bail out money for themselves. Whether you are for or against these large bail outs, we would all agree that it is important that none of this money be fraudulently taken and used to enrich a few individuals.

Economic Incentives for Whistleblowers Lawsuits, Government Fraud Lawsuits, and Qui Tam Lawsuits

Whistleblower Law Suits or Qui Tam Lawsuits, allow whistleblowers to seek compensation on the government's behalf from companies and people that have defrauded taxpayers out of government money.

When a government imposes a penalty, for the doing or not doing an act, and gives that penalty in part to whistleblowers that will sue for the same, and the other part of the recovery goes to the government, and makes it recoverable by action, such actions are called "qui tam actions", the plaintiff is suing on their own behalf as well for the government and taxpayers.

Qui tam provisions of the False Claims Act are based on the theory that one of the least expensive and most effective means of preventing frauds on taxpayers and the government is to make the perpetrators of government fraud liable to actions by private persons acting under the strong stimulus of personal ill will or the hope of gain.

The strong public policy behind creating an economic gain for whistleblowers is that the government would be significantly less likely to learn of the allegations of fraud, but for persons in certain positions with specialized knowledge of fraud that has been committed. Congress has made it clear that creating this economic incentive is beneficial not only for the government, taxpayers, and the realtor, but is an efficient method of regulating government to prevent fraud and fraudulent schemes.

The central purpose of the qui tam provisions of the False Claims Act is to set up incentives to supplement government regulation and enforcement by encouraging whistleblowers with specialized knowledge of fraud going on in the government to blow the whistle on the crime.

The whistleblower's share of recovery is a maximum of 30 percent and the government's prior knowledge of fraud now does not necessarily bar a whistleblower from collecting lost revenue. If the government takes over the lawsuit, the relator can "continue as a party to the action." The defendant is also required to pay for the relator's attorney fees. The whistleblower is also protected from retaliatory actions by his or her employer. As a result a 1986 amendment to the False Claims Act, qui tam lawsuits have increased dramatically. Though the amendment was first made for corrupt defense contractors, the amendment has uncovered billions of dollars in health care fraud and will probably apply to fraudulently obtained TARP and Bail Out Funds.

TARP Financial Fraud Lawsuits, Theft of Government Funds, and Bailout Lawsuits

Through Whistleblower Lawsuits, Qui Tam Lawsuits, and other Government Fraud Lawsuits, hundreds of billions of dollars have been recovered from fraudulent government contractors that have stolen large amounts of money from the government and taxpayers.

It is extremely important that Whistleblowers continue to expose fraudulent billing practices and unnecessary treatments that cost billions of dollars. For more information on TARP Fraud Lawsuits, Bailout Fraud Lawsuits, Government Fraud Lawsuits, and other Qui Tam Fraud Lawsuits, please go to the following TARP Bailout Fraud Web Page.

Texas Intentional Torts and Crime Victims Rights

Under Texas Law victims of intentional torts such as sexual assault, molestation, rape, offensive touching, assault & battery, hazing, and intentional infliction of emotional harm can seek compensation from the criminals and perpetrators that have committed these intentional torts against them as well as sometimes from other parties that allowed the sexual assault, molestation, rape, or other intentional torts to occur.

An intentional tort arises when a person intends to commit a wrongful act such as sexual assault, physical assault, murder, theft, or molestation which results in serious injury, death, or significant damages. From a legal perspective, it can often be difficult to obtain compensation from a person who commits an intentional tort unless that person is wealthy. This is because most insurance policies do not cover intentional wrongful acts such as murder, sexual assault, rape, molestation, or theft. Further, most criminal and sexual predators do not have money or resources to pay compensation to their victims.

However, sometimes the injuries from a serious crime including sexual molestation or sexual assault result from the wrongful acts of more than one party. An example of this would be when a private school, church, community center, or daycare center has a duty to provide proper supervision of its premises and staff to make sure that the children in their care are safe from harm. If the church, private school, community center, or daycare center hires or allows a person that has a history of molestation or sexual assault to be around children, they may have violated their duty to protect children and negligently allowed a sexual assault or molestation to occur. Similarly, if a homeowner is taking care of someone else's child and allows someone with a history of sexual or violence with children, there may be a potential claim under homeowner's insurance, if the homeowner negligently allows the sexual predator to be alone with the child. Further, if the church, private school, community center, or daycare center allows strangers to access the premises or does not adequately screen or supervise its employees, and a child is molested as a result of the private school's, church's or daycare center's lack of care, the negligent conduct may support a legal cause of action for negligence.

Common intentional torts include sexual molestation, sexual assault, rape, battery, and child abuse. Many of these intentional torts will support a sexual molestation lawsuit or sexual assault lawsuit if the criminal is wealthy or if other parties are negligent in allowing the sexual predator to be alone with children in their care.

Many victims of crimes do not realize that there may be civil actions that can be filed against criminals in addition to criminal charges. In cases where reckless conduct such as when a drunk driver kills someone in a fatal accident, when security officers or bouncers known for violence seriously injure or kill someone, or a rich criminal commits an intentional act such as murder or rape, there are civil laws in Texas that allow the victim or the victim's family to seek compensation.

Texas Drowning Accident Lawsuits and Defective Swimming Pools

Unfortunately, drowning is the second leading cause of death among children under 14 years of age and is a real danger for young children that are not properly supervised when participating in water sports or live near unsafe or unsecured pools. Consumer Safety Groups and Organizations including the Consumer Product Safety Commission (CPSC) have become aware of many dangers with defectively designed and roped pools and have issued several safety warnings about the importance of pool safety.

There have also been several stories in the news where defective swimming pool drains have caused serious injuries to small children as well as trapped small children under water. These defective pool drain and spa drain accidents have caused several children to have been serious injured or killed due to having body parts entrapped by the drain of a swimming pool, wading pool, or spa. Under normal conditions, pipes leading from a pool's drain, or into the pool's pumps, draw water from the pool creating suction. If something blocks the normal function of a pool drain, the amount of suction can increase as the pump draws water past the obstruction. This increased suction can entrap a small child or person, causing the person to be held underwater, which often leads to brain damage because of lack of oxygen or hypoxia. In extreme situations, defective drains in wading pools have caused a child sitting on the drain outlet to be disemboweled by extreme suction.

For more information on Texas Drowning Accident Lawsuits and Defective Swimming Pool Claims, go to the following Texas Drowning Accident Lawsuits and Defective Swimming Pool webpage.

Healthcare Fraud Law Suits (Qui Tam Claims & Medicare Fraud Claims)

Law enforcement authorities estimate that health-care fraud costs taxpayers between $60 billion and $100 billion each year. Through Qui Tam Claims and Health Care Fraud Lawsuits, billions of dollars have been recovered from individuals and organizations that have committed health care fraud and stolen large amounts of money from United States Tax Payers.

There are lawful ways that whistleblowers and American Heroes can act as a "Relator" and file Qui Tam Claims and Whistleblower Lawsuits to recover millions or billions of dollars that have been stolen from the United States.

In a recent Qui Tam settlement False Claims Act qui tam or whistleblower lawsuits were settled resulting in a $1.7 Billion recover. Of this settlement, whistleblowers will receive a combined share of approximately $150 million.

For more information on Qui Tam Claims and Whistleblower Lawsuits feel free to go to the following web pages on Health Care Fraud Claims, Defense Contractor Fraud Claims, and Government Contractor Fraud Claims.

Texas Trasylol Lawsuits

Evidence has shown that the heart surgery drug, Trasylol, can cause significant health problems including kidney failure resulting in death or the need for dialysis. Unfortunately, even though there has been significant knowledge of these potential health problems those profiting from the sale of Trasylol were slow to pull the drug off the market potentially causing thousands of deaths and kidney damage in tens of thousands of heart patients.

Texas Trasylol Lawyer (Texas Trayslol Lawsuits)

Delays in pulling Trasylol from the market and publicizing the known and suspected health risk of Trasylol may have caused thousand of unnecessary deaths as well as caused many heart surgery recipients to suffer unnecessary kidney failure damage. Because of the large number of people this drug may have hurt or killed, several Trasylol Lawyers are investigating potential Trasylol lawsuits including when the manufacturer first learned of potential health risks of the drug and if anyone intentionally concealed these health risks. Further, several Trasylol lawyers are investigating if these same corporations and people may have over stated the benefits of Trasylol in order to maximize profits.

It is estimated that the annual projected sales of Trasylol was over $600 million producing huge profits for those that had a duty to disclose any know health hazards with the drug.

Texas Trasylol Attorney Jason Coomer is working with several lawyers throughout Texas and the United States in reviewing fatal Trasylol lawsuits and seeking compensation for those that have lost a loved one from the drug, are now on kidney dialysis for life, or have suffered a stroke.

For more information on Texas Trasylol Lawsuits, go to the following web page on Texas Trasylol Lawsuits and FDA Trasylol Warnings.

Business Partnership and Dissolution Issues

When a business, joint venture, or partnership breaks up, it is often as bad as a divorce. The former business partners typically know where all the assets of business are and feel that they are entitled to more than half. They also often know how to hit the emotional buttons of their former business partners and do so during negotiations and litigation. The battle for possession of clients, accounts, intellectual property, employees, and other assets can be fierce. All too often former business partners have to hire lawyers and accountants to collect their fair share of a business.

For more information on Business Partnership and Dissolution Issues, go to the following web page on Business Partnership and Dissolution Issues.

Defense Contractor Fraud Lawsuits and Qui Tam Lawsuits

During the Civil War, Abraham Lincoln enacted the Federal Civil False Claims Act in response to corrupt defense contractors that were defrauding the United States out of vast amount of money and putting troops at risk by supplying troops with defective products and faulty war equipment. Unfortunately, some fraudulent defense contractors and other fraudulent government contractors have been defrauding the United States and making big profits. Illegal price gouging and government fraud has become common practice and the armed forces of the United States are suffering. As such, it is now time for whistleblowers and American heroes to blow the whistle on these contractors that are defrauding the United States, stealing from the United States, and placing our troops in danger.

Defense Contractor Fraud Claims in the News

The United States Department of Defense spending for goods and services in Fiscal Year 2007 exceeded $300 billion. With this increased budget has come relaxed oversight and regulation. Quality control and proper testing of these good and services has become lax as documentation for large defense contracts has been reduced allowing fraudulent contractors to get away with defrauding the Pentagon, Department of Defense, and United States.

Recently several news stories have surfaced regarding suspected defense contractor fraud and government contractor fraud. These news stories on potential Defense Contractor Fraud Claims and Government Contractor Fraud Claims will become more common as government fraud, no bid contracts, and poor oversight are discovered. For more information go to the Law Offices of Jason S. Coomer, PLLC Defense Contractor Fraud Claim and Qui Tam Lawsuit Webpage.

Qui Tam Lawsuits and Defense Contractor Fraud Lawsuits

In 1986 as a result of increased government contractor fraud, Congress amended the False Claims Act in order to make it easier for whistleblowers to file claims against fraudulent corporations and individuals including fraudulent defense contractors. The act protects the Whistleblower or Relator from retaliation.

As the Defense Contractor Budget has grown so has Defense Contractor Fraud and Government Contractor Fraud. As fraud against the government has grown, the need for government heroes has grown to blow the whistle on greedy businesses that are defrauding the United States and putting our military forces in jeopardy in order to make money. For more information on Qui Tam Lawsuits and Defense Contrator Fraud Lawsuits go to the Law Offices of Jason S. Coomer, PLLC Defense Contractor Fraud Claim and Qui Tam Lawsuit Webpage.

Asbestos Mesothelioma and Asbestos Cancer Lawsuits

Asbestos Mesothelioma and Asbestos Cancer Lawsuits

Exposure to Asbestos has been scientifically linked to several forms of asbestos cancer including mesothelioma. These asbestos cancers all too often result in a painful death for the person that was exposed to asbestos products. Despite knowledge of the dangers of asbestos products and negligent asbestos abatements, many corporations have sold and used asbestos products as well as many other corporations have failed to use proper asbestos abatement procedures to remove asbestos from buildings. Far too many businesses have made the decision that making more money through selling, using, or improperly removing asbestos products is more important than the health and lives of workers and there families.

It is in these instances where the law needs to step in and make businesses that sell dangerous asbestos products, manufacture dangerous asbestos products, or intentionally fail to adhere to proper asbestos abatement procedures.

For more information on mesothelioma, asbestos products, secondary exposure, and asbestos cancer, go to Texas Asbestos Cancer Lawyer Jason Coomer's Webpages on Mesothelioma, Asbestos Products and Use, Secondary Exposure, Asbestos Product Dumping, or Asbestos Cancer.