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.
CFTC Continues Pursuit of Spoofing
As the CFTC’s regulation of algorithmic trading draws near, the commodities regulator also seems to have stepped up its enforcement of the Dodd-Frank Act’s ban
SEC Awards $38 Million to Whistleblowers in FY2015
The U.S. Securities and Exchange Commission filed 807 cases in fiscal year 2015 for a total of $4.19 billion in disgorgement and penalties. It also
What Jobs Drive Whistleblower Tips to the SEC?
At least one of the top three may surprise you. The Securities and Exchange Commission asks whistleblowers to provide information about their occupation when they
Thank You, Whistleblowers!
Today is National Whistleblower Appreciation Day. We would like to take a moment to thank everyone who has come forward to report fraud and other
E-Rate Funds Not Protected By False Claims Act, According to Fifth Circuit
If you discover fraud in the FCC’s E-rate program, don’t file in the Fifth Circuit. Earlier this month, the Fifth Circuit Court of Appeals held