Settlement Data Reveals Lawyer’s False Claims Freight Train

Attorney Stephen B. Diamond, regarded by some as Chicago’s “king of qui tam,” and likely the most prolific tax whistle-blower in the country, could be coming to the end of his false claims gravy train, a new analysis by Bloomberg BNA reveals.

Diamond, who has filed at least 911 qui tam actions in Cook County Circuit Court under the Illinois False Claims Act (FCA), has racked up almost $30 million in settlements over 15 years.

While a large portion of the funds belongs to the state of Illinois, Diamond’s share of the proceeds totals $11.6 million.

At the same time, ...