Tag Archives: fraud

Insurance Fraud Expert Witnesses

Cornell University Law School’s Legal Information Institute describes insurance fraud as “any duplicitous act performed with the intent to obtain an improper payment from an insurer… Detecting insurance fraud is difficult because of the surreptitious nature by which the criminal perpetrates the fraud.” In the courtroom, insurance fraud expert witnesses may testify on insurance scams, insurance premiums, policy misrepresentation, bad faith, and more.

Read more

Investment Fraud Expert Witnesses

Investment fraud expert witnesses may be called upon to advise and testify regarding asset misappropriations, financial fraud, financial investment strategy, conflicts of interest and more. SEC Press Release 2014-76, April 15, 2014, announces charges against the San Diego investment advisory firm Total Wealth Management and its owner and CEO Jacob Cooper, chief compliance officer, and another employee for misleading investors and breaching their fiduciary duties to clients.

Read more

Securities Fraud Expert Witnesses

What areas of finance may securities fraud expert witnesses consult on? They may write reports and testify on insider trading, Ponzi schemes, and SEC investigations. On February 6th former SAC Capital Advisors portfolio manager Mathew Martoma was found guilty of insider trading. Officials said Martoma sold shares in two pharmaceutical companies after getting inside information from Dr. Sidney Gilman. Dr. Gilman testified he disclosed drug test data to Martoma before the information was made public in 2008. Martoma then sold the shares and made SAC $276M.

Read more

Hospital Management Expert Witnesses

Hospital management expert witnesses may consult on healthcare management, hospital administration, hospital operations, and hospital standards. In the news, authorities have arrested Edward Novak, owner of Chicago’s Sacred Heart Hospital, an executive, and four doctors in an alleged scam to defraud Medicare and Medicaid.

Read more
Accident Reconstruction Expert On Claims Fraud

Accident Reconstruction Expert On Claims Fraud

In Forensic Analysis of An Alleged Hit-And-Run Accident, accident reconstruction expert Wayne Denham writes that a claims adjuster may consult with a forensic engineer when vehicle damage does not match the incident as described by the insured. Mr. Denham is an accident reconstruction expert and automobile technician with extensive experience in the automotive service and repair industry.

Read more
Children’s Hospital Of Philadelphia Case

Children’s Hospital Of Philadelphia Case

Former general counsel of Children’s Hospital of Philadelphia Roosevelt Hairston Jr. has been charged with mail fraud, money laundering, and filing a false tax return for his embezzlement of $1.7 million from the hospital.

Read more
Former Jacksonville Mayor May Serve As Fraud Expert

Former Jacksonville Mayor May Serve As Fraud Expert

Former Jacksonville Mayor John Delaney is listed as a potential expert witness for the defense in the federal bribery and money laundering case against former Jacksonville Port Authority Chairman Tony Nelson. Delaney, now president of University of North Florida, will testify at Nelson’s trial, according to Nelson’s attorney Curtis Fallgatter.

Read more

Business Expert Witness To Testify In SEC v. Tourre

The charges brought by the SEC against Goldman’s Fabrice Tourre will be judged in court beginning this October, according to the New York Post. BusinessInsider.com writes:
Here’s what we already knew about the case:
— The SEC charged both Goldman and Fabrice Tourre with fraud; alleging both parties misled investors
— Goldman has since settled with the SEC after getting them to drop the fraud charge
— Tourre didn’t settle with the SEC when Goldman did, so the SEC is still charging him with fraud

Read more
Insurance Expert Testifies In $3.8M Fraud Case

Insurance Expert Testifies In $3.8M Fraud Case

Michael N. Swetnam Jr., 46, of Harlingen, Texas, was convicted on three counts of mail fraud after selling a local hospital two fake and two altered insurance policies in return for $3.8 million in payments, according to the U.S. Attorney’s Office for the Southern District of Texas. Swetnam admitted to creating two fake cover notes and forging the signature of a British Virgin Islands representative.

Read more
Attorney Malpractice Expert On Attorney Conduct Case

Attorney Malpractice Expert On Attorney Conduct Case

Alan Greer, shareholder at Richman Greer in Miami, asked to testify as an expert on attorney conduct in lawsuits against Ponzi schemer Scott Rothstein’s former law partners. Greer would serve as an attorney malpractice expert witness for the trustee in the bankruptcy of defunct law firm Rothstein Rosenfeldt Adler. Rothstein is awaiting sentencing after pleading guilty to running a $1.2 billion Ponzi scheme using RRA as a front.

Read more