OIG reviewing CFTC Whistleblower Program as Administration of Reward Programs Gets Scrutinized
CFTC Whistleblower Program Review The Office of the Inspector General has refocused on an investigation of the Commodity Futures Trading Commission Whistleblower Office to determine
Whistleblowers Discover More Fraud than Internal or External Audits in Official 2015 Annual Global Fraud Report
Internal or External Audits Pale in Comparison Fraud within companies is on the rise and whistleblowers are playing a crucial role in helping detect it,
GAO Reports on IRS Whistleblower Program
The U.S. Government Accountability Office has issued a report on the IRS whistleblower program following a year long audit of the program, its operation and
CFTC Proposes New Regulations for High Speed Trading
Proposal for High Speed Trading The CFTC has launched its first proposal for regulating automated trading in the futures market. The regulations, which will be
Corporate Tax Inversions Possibly Curbed in New, Helpful Rules Proposed by IRS Proposes in 2015
Tax Inversions Curbed The Internal Revenue Service and its parent, the Treasury Department, have adopted new rules to block companies from moving abroad for lower
SEC Director Emphasizes Self-Reporting of FCPA Violations
The SEC Director of the Division of Enforcement, Andrew Ceresney, sent companies a message in the keynote address of the ACI’s 32nd FCPA Conference: If
Whistleblower Case: $95.5M Settlement in Education Management
Education Management Corp, a for-profit college company often abbreviated as EDMC, has settled a whistleblower lawsuit brought under the False Claims Act alleging illegal recruiting
DOJ Considering Guidance on FCPA Penalties to Enhance Self-Disclosure
The Justice Department may be revising its guidelines for prosecution of FCPA violations to encourage self-reporting by making the process more transparent, according to recent
IRS Continues Reduced Whistleblower Awards Under Sequestration
If you receive an IRS whistleblower award during the next two years, you will get less than the percentage you are awarded by the Internal
CFTC Record $3.14 Billion Civil Monetary Penalties in FY2015
The U.S. Commodity Futures Trading Commission set a record for its largest amount of civil monetary penalties from enforcement actions in fiscal year 2015, announcing
NHTSA Fines Takata Up to $200 Million for Airbag Issues
The National Highway Traffic Safety Administration issued a fine of $70 million against airbag manufacturer Takata and an additional $130 million will become due if
Latest Securities News: Bribery, Conflicts, and Debt Rigging
There’s been a few smaller stories this first week of November that would be of interest to securities whistleblowers, so we thought that we would
Jury Returns Guilty Verdict in First Spoofing Trial
The U.S. Attorney’s Office has emerged victorious in a groundbreaking jury trial prosecuting a commodities trader for illegal spoofing. The jury found the high-frequency trader
SEC Lowers Whistleblower Award to $325,000 for Delays
The U.S. Securities and Exchange Commission announced another whistleblower award today. The reward of more than $325,000 went to a former employee of an investment
Canada Advances Securities Whistleblower Program
The Ontario Securities Commission (OSC) has released the latest version of its proposal for rewards to securities whistleblowers in Canada. The proposal would authorize payments
Health Care Whistleblower Lawsuits Bring in Another $375 Million
This has been quite a week for settlement announcements in the world of the False Claims Act. In the past two days, the Department of
Health Care Whistleblowers Account for 65% of False Claims Act Lawsuits
Whistleblowers provide most of the leads to the Justice Department concerning health care fraud every year. In FY 2014, 93 percent of the cases opened
Novartis Reports $390 Million Settlement in Kickback Case
Novartis has reportedly agreed in principle with the Department of Justice to settle a whistleblower lawsuit brought under the False Claims Act for $390 million.