Supreme Court: District Court has Discretion on False Claims Act Seal Violations
The Supreme Court upheld a verdict for two whistleblowers in its opinion today in State Farm v. U.S. ex rel. Rigsby despite a violation of the False Claims
Another Example of the SEC Accounting Fraud Pursuit: Weatherford
The SEC has announced a $140 million settlement with Weatherford International over the use of deceptive income tax accounting to inflate its earnings. Weatherford is
The SEC Enforcement Director Speaks on the SEC Whistleblower Program
The SEC Enforcement Director, Andrew Ceresney, spoke yesterday about the SEC whistleblower program at the Taxpayers Against Fraud Conference in Washington, D.C. There’s some great
CFTC Proposes Whistleblower Program Changes
The U.S. Commodity Futures Trading Commission has published a notice of proposed rulemaking in the Federal Register related to the CFTC whistleblower awards process. The
SEC Whistleblower Program Tops $100 Million in Payouts
Six years after Congress passed the Dodd-Frank Act to reform Wall Street and prevent a future financial crisis from developing, the Securities and Exchange Commission
First Reverse False Claims Case Over Delayed Repayment of Government Health Care Funds Settles
A closely watched case out of New York concerning the reverse false claims provision of the False Claims Act settled last week. The case was groundbreaking not
First FCPA Whistleblower Award Revealed
An Australian newspaper over the weekend reported the payment of a reward by the U.S. Securities and Exchange Commission to an SEC whistleblower concerning information
SEC Fines Company for Severance Agreements Waiving Rewards
Another publicly traded company has been reprimanded by the Securities and Exchange Commission for attempting to thwart its whistleblower program. This time it is BlueLinx
Tax Court Says IRS Whistleblowers Get Rewards on Criminal Fines
Criminal fines and civil forfeitures are collected proceeds under Internal Revenue Code section 7623(b), the mandatory tax whistleblower program, according to a recent decision by
Bribery News: Embraer Moves Toward Settlement; Rolls Royce Investigation Expands
Summer may be a slow time on the stock market but we’re getting a steady stream of bribery news with just two months left in
State Street to Pay Gov’t $382 Million Over Hidden FX Markups
Hidden costs imposed by banks on trading clients are at issue again today with the Securities and Exchange Commission announcing a $382.4 million settlement with
Tuomey Doesn’t Justify Stark Law Revisions
I spent some time yesterday reviewing the testimony before the Senate Finance Committee a few weeks ago by health care providers and other organizations regarding
LATAM Pays $22 Million under FCPA
The largest airline in Latin America, Chile-based LATAM Airlines Group, has agreed to pay $22 million to resolve investigations by the Department of Justice and
CFTC Issues Fourth Whistleblower Bounty of $50,000
The U.S. Commodity Futures Trading Commission has issued its third award in the last year and fourth overall to CFTC whistleblowers pursuant to the terms
SEC Boosts AML BSA Enforcement with SARs Action
A piece of news about Vincente Martinez leaving the SEC alerted us to the first SEC enforcement action of the Bank Secrecy Act against a
Increased Spending in Compounded Drugs Could Involve Fraud
Federal spending for compounded drugs has exploded recently and there are concerns some portion of the increase is due to fraud or overbilling, according to
Ethics Code Now Guides Accountant Whistleblowers
The International Ethics Standards Board for Accountants (IESBA) has revised the Code of Ethics for Professional Accountants to address ethical concerns about how to handle
Johnson Controls, Analogics Settle FCPA Investigations
We have now seen our second Foreign Corrupt Practices Act settlement involving vendor payments over the past three weeks as Johnson Controls settled its SEC investigation for