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Jan 7, 2025 | 
news.bloombergtax.com | Emily Siegel |John Holland
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Jan 7, 2025 | 
news.bloomberglaw.com | Emily Siegel |John Holland
The US government’s campaign to keep billions of dollars from returning to Russia has seeped into a Miami courtroom, potentially derailing a years-long fight over a $3 billion fortune. When Oleg Burlakov died at 72 in 2021, his sister Vera and brother-in-law Nikolai Kazakov claimed they owned half his fortune for more than three decades.
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Aug 16, 2024 | 
bloomberg.com | John Holland
Investor Carson Block financed a short-seller whose allegations of accounting fraud at power tool giant Techtronic Industries Co. shaved $3.5 billion off its market value in a matter of hours, the company alleges in a series of federal court filings.
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Jul 9, 2024 | 
news.bloombergtax.com | John Holland
A federal court appeal by two whistle blowers who helped the Securities and Exchange Commission recover $1 billion for defrauded investors, only to be blocked from collecting what would have been a record award, now shapes up as a test of the program’s future thanks to the Supreme Court. The timing couldn’t be better for forensic accountant John McPherson and investor John Barr to argue Tuesday before the US Court of Appeals for the Fifth Circuit.
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Mar 28, 2024 | 
news.bloombergtax.com | John Holland |Emily Siegel |Gary Harki
The lead counsel for Russian litigation firm A1 announced Thursday that he has left the company, writing in a social media post that he is ready for “a new chapter in my career.”Dmitri Tchernenko announced his departure on LinkedIn, hours after a Bloomberg Law investigation detailed the role he and A1 have played in funding lawsuits in the US and the UK on behalf of Russian banks.
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Mar 28, 2024 | 
news.bloombergtax.com | Emily Siegel |John Holland
An investment firm founded by Russian billionaires with ties to Vladimir Putin has financed lawsuits around the world, in some cases working with the company’s directors, clients, and Russian banks in an effort to evade international sanctions. A Bloomberg Law investigation found that A1, a subsidiary of Russian financial giant Alfa Group, has backed lawsuits in New York and London, both before and after three of its billionaire founders were sanctioned following the 2022 invasion of Ukraine.
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Dec 26, 2023 | 
bloomberg.com | John Holland
The number of whistleblowers receiving awards from the Securities and Exchange Commission dropped sharply in fiscal year 2023, even as more tips poured in than ever before, and a single informant received the largest payout in agency history. The agency received more than 18,000 tips in the fiscal year ending Sept. 30, a 50 percent jump from the previous year, according to the SEC whistleblower program’s annual report to Congress.
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Dec 26, 2023 | 
news.bloomberglaw.com | John Holland
The number of whistleblowers receiving awards from the Securities and Exchange Commission dropped sharply in fiscal year 2023, even as more tips poured in than ever before, and a single informant received the largest payout in agency history. The agency received more than 18,000 tips in the fiscal year ending Sept. 30, a 50 percent jump from the previous year, according to the SEC whistleblower program’s annual report to Congress.
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Nov 28, 2023 | 
news.bloomberglaw.com | John Holland |Emily Siegel
A Kazakhstan man accused of laundering hundreds of millions of dollars looted from the country’s largest city and a major bank has signed on as a consultant to his brother’s litigation finance start-up, according to Swiss business records and a court affidavit. Ilyas Khrapunov, who created shell companies “for the sole purpose of laundering money” according to a federal judge, said in the filing that he’s advising his brother Daniel in Geneva.
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Sep 1, 2023 | 
claimsjournal.com | John Holland
Doctors at some of the largest US teaching hospitals are blowing the whistle on a lucrative practice they say endangers patients: Surgeons scheduling two or even three operations at virtually the same time, leaving during critical portions, then billing Medicare for work they didn’t do. A review of more than a dozen federal and state lawsuits offers a rare glimpse into a tight-lipped profession. Many include separate allegations of bribery, kickbacks, and improper compensation.
