Telia Settles FCPA Bribery Investigation for Astounding $965 Million
Bribery Investigation Settled for Almost $1 Billion The United States has concluded its third-largest FCPA enforcement action with a settlement of $965 million in total
IRS Clarifies 6103(n) Whistleblower Contracts
Whistleblower Contracts Clarified by IRS Earlier this year, the IRS Whistleblower Office and its Director Lee Martin issued guidelines for the use of 6103(n) contracts
Recap of Expansive CFTC Whistleblower Program in FY 2017
2017’s CFTC Whistleblower Program We are approaching the end of the U.S. Government’s 2017 fiscal year on September 30th. We haven’t written too much about
CFTC’s New Self-Reporting Program Recently Unveiled on Sep. 26, 2017
CFTC’s Self-Reporting Program Now Available The CFTC’s (Commodity Futures Trading Commissions) Director of Enforcement unveiled a new program this week to promote self-reporting of violations
U.S. Takes on Despicable Disaster Relief Fraud and ICO Fraud
Disaster Relief Fraud and ICO Fraud Making Headlines Disaster relief fraud and Initial Coin Offering (ICO) fraud are two areas that have been making headlines
Study Concludes Whistleblowers A Big Help U.S. Recover Higher Penalties
Whistleblowers Are a Big Help A recently publicized April 2017 research study has concluded that whistleblower involvement in enforcement actions related to financial misrepresentations results
Precious Metals Fraud Takes Customers for $290 Million
Precious Metals Fraud Affecting Thousands of Retail Customers The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against one of the largest precious
SEC Chief Says Cybersecurity is a Top Priority
SEC Chair Says Cybersecurity is a Top Priority SEC Chair Jay Clayton declared cybersecurity one of the top enforcement issues at the securities regulator on
False Claims Act Lawsuits over REMS Safety Education
REMS Program Results in FCA Lawsuits After a number of whistleblower lawsuits under the False Claims Act, Novo Nordisk will pay approximately $59 million to
Corporate Policing in 2017: The Exciting Evolution of Whistleblowing
Corporate Policing and Whistleblowing Whistleblowing has traditionally involved insider reports of corporate wrongdoing by employees of a business. A recent whistleblower lawsuit may signal the
Ontario Securities Commission Receives At Least 4 Significant Tips
Ontario Securities Commission Accepting Whistleblower Tips Since the Ontario Securities Commission opened its whistleblower program to tips, at least four individuals have filed complaints against
SEC Reports Substantial Cybersecurity Improvements in 2017 Risk Alert Report; Challenges Remain
Cybersecurity: A Hot Topic The SEC recently released a Risk Alert on cybersecurity produced by the Office of Compliance Inspections and Examinations (“OCIE”) this week.
Spoofing Case Leads to $25 Million Fine in CFTC’s First Non-Prosecution Agreements
Citigroup Accused of Spoofing In January, the CFTC settled its first civil enforcement action against a bank for spoofing when Citigroup agreed to pay a
SEC Settles 1st FCPA Enforcement Action Under President Trump Now
FCPA Enforcement Action Against Halliburton At the end of July, the U.S. Securities and Exchange Commission announced a $29.2 million settlement against Halliburton for payments
Menacing Healthcare Fraud in Electronic Records Probed by DOJ After $155 Million Settlement
“An entirely new area of healthcare fraud” The Department of Justice (DOJ) is expected to investigate electronic health record (EHR) software providers for health care
Supreme Court Curtails SEC Enforcement Via Disgorgement in June of 2017
SEC Enforcement Impacted by Supreme Court The Supreme Court, in a unanimous decision in Kokesh v. SEC published at the beginning of June, held that
SEC Gives Heroic Government Employee $2.5 Million Whistleblower Award
Whistleblower Award in the Millions The Securities and Exchange Commission (SEC) recently agreed to provide approximately $2.5 million to a SEC whistleblower that worked for
Reverse Mortgage Whistleblower Gets $1.6 Million FIRREA Award
Reverse Mortgage Whistleblower Cashes In The $89 million settlement in May between Financial Freedom and the United States regarding claims under the False Claims Act