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
Whistleblowers 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 Key Tips for Action
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 Results in $25M Fine: CFTC’s Landmark Decision
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 First FCPA Enforcement Action Under Trump
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 Limits SEC Enforcement on Disgorgement Claims
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 Earns $1.6 Million 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
Improper Payments to Medicare Advantage Plans Estimated at $16 Billion for FY2016
Medicare Advantage Fraud Medicare Advantage fraud has been an area of increasing focus recently. Earlier this year, the Department of Justice intervened in two whistleblower
Off-Label Marketing Lawsuit: Celgene Settles for $280M
Celgene Settles Off-Label Marketing Case Celgene agreed to pay $280 million to settle a False Claims Act lawsuit brought in California accusing it of promoting
Update on NHTSA Whistleblower Rules of 2015
Still Waiting for the NHTSA Whistleblower Rules The National Highway Traffic Safety Administration (NHTSA) has yet to publish the proposed rules for the NHTSA whistleblower
Financial Conduct Authority Says Without Whistleblower Rewards, British Tips Decline
Financial Conduct Authority Details Decline in Whistleblower Tips A report earlier this month by the Financial Conduct Authority detailed the declining number of whistleblower tips