Financial Industry Fraud

Serving Clients Nationwide

There are many ways in which financial transactions, accounting practices, lending/borrowing, and other financial activities can run afoul of the False Claims Act. Any fraudulent activity or falsification of records that leads to a false claim being paid by the government could potentially be considered a violation of the False Claims Act.

Kenney & McCafferty is a public interest law firm with more than a decade of experience representing whistleblowers in qui tam actions nationwide. Very few law firms are dedicated almost exclusively to qui tam claims as we are, and fewer still have participated in the number of high-profile qui tam cases Kenney & McCafferty has helped litigate. If you have knowledge of financial industry fraud or any other fraud against the government, our qui tam attorneys have the investigative and trial experience needed to build your qui tam case.

Types of Financial Industry Fraud

There numerous types of fraud that involve financial transactions, investments, and securities, but most are committed by one private entity against another. Fewer instances of financial industry fraud involve defrauding the government in violation of the False Claims Act. Nonetheless, these cases of fraud cost the government millions of taxpayer dollars each year. The importance of being a whistleblower can hardly be overstated. A list of the types of financial industry fraud current in the news today include:

• TARP Fraud – submitting fraudulent or falsified information in conjunction with a request for financial assistance under the Troubled Asset Relief Program (TARP), enacted to stabilize struggling institutions whose possible failure would severely jeopardize our economy and to deal with the foreclosure crisis
• Mortgage Fraud – submitting fraudulent or falsified information in conjunction with securing FHA or HUD funds, loan guarantees, or mortgage insurance that results in government financial assistance being paid based on this fraud/falsification
• Procurement Fraud – overcharging the government for goods and services purchased or failure to comply with contractual specifications and requirements

Financial industry fraud often results in false claim recoveries that reach into the hundreds of millions of dollars, which provides the potential for extremely lucrative whistleblower rewards.

If you have knowledge of a fraud or false claim against the government, please contact our qui tam lawyers today. Kenney & McCafferty attorneys will consult with you about your case, without obligation. All communications with Kenney & McCafferty attorneys during these consultation services are confidential and protected by the attorney-client privilege.