Author: Justin Lane

Below are Ring of Fire’s top stories from the past week. Video Rewind Texas Man Sued for Defamation by Fracking Company that Contaminated his Water Supply A Weatherford, Texas resident is facing a $3 million defamation lawsuit by Ft. Worth fracking company Range Resources. In 2011, Steve Lipsky exposed the company for contaminating his water supply with methane and benzene, DeSmog Blog reports. … Read more. Darrell Issa Continues His Lies The House Oversight Committee Chairman Darrell Issa (R-CA), continues to leak false information about the administration to the media and the general public. He has done it twice...

Almost five years after the last in a series of “once in a century market disruptions,” the chairman and chief executive of the Financial Industry and Regulatory Authority Inc. (FINRA), Richard Ketchum, has a few thoughts about how they can improve in the future.  “I would focus as an adviser more on negative scenarios. And if I were a firm, I would focus on the training and education of those advisors to make sure that they look at… negative scenarios,” Ketchum commented in a panel discussion for compliance and risk management executives, according to the Wall Street Journal. Similarly,...

One of the nation’s most profitable pharmaceutical companies will pay $120 million to settle allegations that it submitted false claims for payment to the government. Omnicare, according to the allegations in the Complaint, was engaging in a practice providing extremely discounted prescription drugs to facilities for Medicare Part A inpatients. The lawsuit was filed under the False Claims Act, which allows for individuals with knowledge of entities filing false claims for payment to file suit on the behalf of the government and share in the recovery. Donald Gale was a pharmacist who worked for Omnicare from 1993 through 2010....

In the past week there has been no shortage of voices entering the conversation over Jonathan Martin and Richie Incognito. A lot of that conversation has hinged on whether Richie Incognito is a racist. He has come forward to state that he is, in fact, not a racist and has been supported by his teammates on this point. Whether Incognito’s actions exemplify a culture of insidious racism at work in professional sports is another matter from the issue that these athletes are members of and participants in a cult of “man” that defines masculinity as its ability to assert...

Javed Rehman was sentenced to 60 months in prison and must pay $1.7 million last week for his involvement in a Medicare fraud scheme. Rehman had previously pleaded guilty to conspiracy to commit health care fraud in July of this year. In total, Rehman and his co-conspirators, according to court documents, received over $13 million throughout the course of their fraud. Rehman purchased Quantum Home Care in 2009 with Tausif Rahman and Muhammad Ahmad and through it and three other companies they falsely billed Medicare for reimbursement. The group paid kickbacks for information on Medicare recipients. They often billed...