Imagine the national outcry if hundreds of Fortune 500 corporations were discovered to be routinely falsifying their tax returns in order to qualify for tax credits worth billions of dollars.
And what if it was further learned that some accounting firms specialized in preparing fraudulent profit and loss statements to deceive the government and that the same firms also provided “experts” to help the corporations prepare equally fake supporting documents?
Does anybody doubt that there would be a bipartisan demand in Congress that would force the president to take dramatic action to investigate the scandal, identify and prosecute those responsible and recommend new laws aimed at preventing such frauds from ever again being perpetrated?
No imagination is needed to recognize the ill wind of a genuine national scandal of epic proportions blowing through the nation’s court system. It is the scandal of a relatively few well-placed class-action liability lawyers and equally corrupted professionals from other fields using false damage claims to enrich themselves by generating billions of dollars in legal fees and administrative costs, compensatory damage payments and other court-ordered reparations.
The Examiner calls for a Justice Department investigation into pandemic, noting law professor Lester Brickman’s estimate that “mass tort fraud” has cost at least $30 billion just in the last 15 years. As the Examiner reports, Brickman has cited “compelling evidence” that “many if not most of the medical reports supporting more than 700,000 damage claims filed in asbestos, silica, diet drug and silicone breast implant litigation are frauds.”
We have previously called for congressional investigations into the economy-killing, justice-perverting transgressions of the tort bar. Surely Congress has the courage, staff and insight to bring public scrutiny to bear.
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