Settlement: SEC Smells Musk

"Stack Of Cash",Licensed Creative Commons, Klickr User kenteegardin, 2011

Pay up

Tesla CEO Elon Musk’s settlement with the SEC has been approved by a judge. The South African businessman and investor was accused of fraud after tweeting that he had secured funding to take his auto-maker, Tesla, private.Musk will have to pay a hefty $20m fine and is being forced to step down as chairman within the next 6 weeks. The charges against Musk were filed by the SEC in the early fall, shortly after Musk allegedly rejected a potential settlement offer. Tesla stock plummeted around 40 points after his “secure funding” tweet. Musk, often boisterous and grandiose in his ideas, designs, and persona, is no stranger to trouble after he was shown smoking weed in a live broadcast.  Read more

Whistleblower Finds Profit in Medicare Fraud

Blowing the whistle on fraud

The degree of medical treatment a patient undergoes may determine the amount of Medicare reimbursement a medical facility will receive.  Families may feel skeptical toward extensive healing of their loved ones; sometimes with good reason. While some treatments are overcompensated to help ensure a full recovery, others are simply unnecessary. Read more

For-Profit Schools Accused of Fraud

School_01

School officials fudge test scores to keep government aid coming in!

Kelli J. Amaya who worked as an administrator at the Harris School of Business and its Wilmington, Delaware campus had some serious doubts about the organization and its for profit chain of trade schools.  She along with several other former employees aledge that school executives skewed aptitude tests and enrolled students that never should have been admitted. “I saw students who never should have been there, students with whopping gaps in learning abilities and major psychiatric problems who were just not capable of doing the work,” (Perez-Pena 2014) said Ms. Amaya. She goes on to say that “The bosses were always like, ‘Stop asking why they’re enrolled, just get them to graduation however you can’ ”(Perez-Pena 2014).

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Utah Highway Patrol Fired Over False DUI Arrests

Decorative Scales of Justice in the Courtroom

Courtroom

Trooper of the year in Salt Lake City, Utah is now up against a lawsuit for false DUI charges for over 1500 people.  Lisa Steed had made over 400 arrests in 2009 beating out most of the state of Utah and receiving recognition from the state, but I guess she pulled a fast one over everyone’s heads.  Now, many who were arrested by the hands of Steed are coming forward to complain of the charges that were raised against them.

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Closing the Book on the Facebook Lawsuit

Decorative Scales of Justice in the Courtroom

Courtroom

There’s a pretty good chance that Mark Zuckerberg had already de-friended Paul Ceglia.  In a recent decision, Ceglia has officially been indicted after faking evidence against Facebook creator Mark Zuckerberg.  The original lawsuit, which came about in 2010, stems from the fact that in 2003, Ceglia altered contracts co-signed by Zuckerberg in an attempt to give himself 50% share of the company.  Authorities had arrested the internet entrepreneur in October on charges centered around issues relating to the lawsuit.  Ceglia was guilty of mail fraud, wire fraud, and also attempts at tampering with and destroying evidence.  He currently faces up to 20 years in jail per criminal charge. Read more