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Adam Resnick
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Adam B. Resnick (born March 10, 1972) is an American health care entrepreneur, public speaker, author, and professional whistleblower. His 2007 book Bust: How I Gambled and Lost a Fortune, Brought Down a Bank-and Lived to Pay for It is an autobiography describing his early addiction to gambling.

Entries by Adam Resnick

Blowing the Whistle on a Whistleblower Attorney

(0) Comments | Posted March 6, 2014 | 10:27 PM

In February, Endo Pharmaceuticals settled a protracted nine-year whistleblower lawsuit with the federal government for $193 million dollars. As a result, the whistleblower, former Endo sales rep, Peggy Ryan, thought the years-long saga of living a double life as a wired-up informant were over. However, her liberation and...

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A 10-Step Guide to Whistleblowing

(0) Comments | Posted February 18, 2014 | 2:46 PM

1. Shut up and get a good lawyer, fast. You can complain about the fraud internally, but we all know how that usually ends. Once you identify a fraud, immediately contact a lawyer to ask for guidance, including what documents and corroborating evidence that you can take with you. Do...

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The IRS's Obstruction of Equality

(2) Comments | Posted February 10, 2014 | 10:35 AM

We all hate taxes, and despite what anyone says, paying them is utterly painful. However, taxes -- the better of life's two inevitabilities (death being the other) -- is something for which we all must account. Yet, if you read yesterday's New York Times article about the status...

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Penis Pumps -- A Hard One to Swallow

(3) Comments | Posted January 19, 2014 | 8:52 PM

Last week, according to the inspector general for Health and Human Services ("HHS"), American taxpayers overpaid $86 million for vacuum erection systems ("VES"), also commonly known as penis pumps. At first blush, this sounds like a hard one to believe. Most Americans are aware that our...

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Billionaire Beanie Should Get Mercy

(0) Comments | Posted January 13, 2014 | 4:02 PM

Tomorrow, Ty Warner, the billionaire creator of the Beanie Baby will be sentenced in federal court in Chicago for pleading guilty to one count of tax evasion that stemmed from hiding funds overseas. The federal sentencing guidelines call for four to five...

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The Evolution of a New Years Resolution

(0) Comments | Posted January 9, 2014 | 9:52 AM

It has been a week since the ball dropped and the world rang in 2014. It probably seems a lot longer for those of us who made our new years' resolutions. Unfortunately, the turn of the new year came with some tragic news that an old college friend of mine...

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Not Matching up Well to the Wolf of Wall Street

(2) Comments | Posted December 16, 2013 | 6:54 PM

In the fall of 2007, I started receiving letters from friends and outsiders about a new book, The Wolf of Wall Street. People were comparing Jordan Belfort's autobiography to my memoir, Bust, that had come out seven months earlier. Shortly thereafter, I received a copy at...

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Writing Steven Cohen's Epilogue

(0) Comments | Posted November 6, 2013 | 7:34 AM

For nearly a decade, SAC Capital Advisors has been on the radar of the federal government for alleged systemic insider trading. On Monday, United States Attorney Preet Bahara announced a partial conclusion to the firm's legal troubles after the company agreed to pay $1.2 billion dollars to settle its criminal...

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20:1 Best Returns in The House

(2) Comments | Posted October 23, 2013 | 5:53 AM

As I watched the political brinksmanship over the last several weeks with the government shutdown that brought the Treasury close to default, I couldn't help but think of Stanley's Kubrick's Dr. Strangelove: Or How I Learned to Stop Worrying and Love the Bomb, the classic black comedy about...

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A Shark in the Tank

(0) Comments | Posted October 14, 2013 | 12:21 PM

Closing arguments are set for Tuesday, October 15th, in the Securities and Exchange Commission (SEC) insider trading case against flamboyant billionaire, Mark Cuban, owner of the NBA's Dallas Maverick's. In 2008, the SEC charged Cuban with insider-trading for the sale of $7.9 million in stock of Canadian Internet...

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Chamber of (Con) Commerce

(4) Comments | Posted October 9, 2013 | 4:17 PM

The United States Chamber of Commerce is lobbying for legislation to cap whistleblower awards. Their perverse justification is that capping awards is good for business. The cap is part of the Chamber's legislative agenda that seeks to weaken the whistleblower laws that spur the exposure of the waste and fraud...

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The Gaping Hole In Raising Revenue

(7) Comments | Posted October 4, 2013 | 4:48 PM

The current federal government shutdown should be a wake-up call to all Americans. No matter what side of the political aisle you are on, there is one undeniable fact: our country is in dire straits financially. There is little chance of the Republicans acquiescing to tax hikes or the Democrats...

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Relax -- You Don't Have to Play With Miley's Teddy

(0) Comments | Posted August 29, 2013 | 7:43 AM

The mainstream media, blogosphere and just about every other living organism on Earth is still foaming at the mouth about Miley Cyrus's Video Music Award performance this past Sunday Night. If you have had the misfortune of being in a coma, Miley dry humped Robin Thicke and teased her vajayjay...

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Lawyer Jokes -- Humor or Reality?

(0) Comments | Posted August 14, 2013 | 4:25 PM

"The first thing we do, let's kill all the lawyers," William Shakespeare once wrote. Of course that's a little extreme for this millennium. However, Shakespeare's "poetic" words foreshadowed America's distaste for lawyers. Most people have their version of a lawyer horror story (I certainly have a few). It's not a...

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Braun's Chance for Real Brawn

(0) Comments | Posted July 24, 2013 | 2:46 PM

Webster's Dictionary defines the word "brawn" as "full of strong muscles and muscular strength." Somewhat ironic for Major League Baseball superstar-turned-pariah, Ryan Braun, who was suspended for the season on Monday for taking performance enhancing drugs. Perhaps the British definition -- "flesh of a boar"-- is more appropriate since Ryan...

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The Real IRS Opprobrium

(3) Comments | Posted May 21, 2013 | 10:22 AM

Revelations that the IRS targeted "conservative" non-profit applicants last year among a post-Citizens United, pre-election rush are undoubtedly disturbing. But people should not lose sight of the more troublesome issue, which is that the IRS as an institution is misdirecting resources at smaller fish rather than pursuing meaningful tax fraud....

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SEC's Turnstile

(0) Comments | Posted April 22, 2013 | 5:43 PM

President Obama's appointment of Mary Jo White to head the SEC raised questions about the proverbial revolving door between government and the private sector. White, a former partner at the prestigious white shoe law firm, Debevoise Plimpton, and the former U.S. Attorney for the Southern District of New York, has...

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A Second Chance for Empathy

(1) Comments | Posted April 1, 2013 | 3:49 PM

Before the Supreme Court heard two cases recently about the hotly divided gay marriage issue, Ohio Republican Senator Rob Portman announced that he had changed his position on the subject. Once having co-sponsored a bill opposing gay marriage, Portman's change of heart resulted from his son's revelation that he is...

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IRS: The Jester of the Sequester

(0) Comments | Posted March 13, 2013 | 2:13 PM

Our nation's balance sheet is abominable. In a feeble attempt to address our runaway deficits, Congress passed the Budget Control Act of 2011, which laid the foundation for the sequester that recently took effect. The sequester cuts $85 billion in spending this year and is designed to trim...

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Whistling Over the Cliff

(1) Comments | Posted November 19, 2012 | 6:13 PM

There's been much talk about compromise among the bickering, partisan Washington camps as the nation blithely heads toward the fiscal cliff. President Obama's reelection may have only slightly budged the equation of power on Capitol Hill, though, so nobody should presume that it will cease to malfunction anytime soon. There...

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