CFTC Issues Record $30 Million Fine for Spoofing to Deutsche Bank
Record Fine Against Deutsche Bank The CFTC announced enforcement actions against three banks and six individuals for spoofing at the end of January. The three
Key Whistleblower Changes in Bipartisan Budget Act
Bipartisan Budget Act to Help End 2nd Federal Government Shutdown The Bipartisan Budget Act of 2018, passed overnight and signed this morning by President Trump
False Claims Act Whistleblowers Paid $392 Million in Fiscal Year 2017
A Big Year for the False Claims Act The Department of Justice recovered more then $3.7 billion in settlements and judgments in Fiscal Year 2017
Clarifying Collected Proceeds for IRS Whistleblowers
Definition of Collected Proceeds Dropped The Wall Street Journal reported yesterday that the reconciliation of the tax legislation has dropped the definition of collected proceeds
Latest Settlement Reveals Mortgage Fraud Continued Years After Financial Crisis Ended
Mortgage Fraud Continues We are reaching the end of a decade since mortgage fraud hit its peak in 2007. However, the latest settlement by IberiaBank
SEC Recovers Over $1 Billion from Whistleblower Tips
SEC Recovers Over $1 Billion Over the past week, the U.S. Securities and Exchange Commission has issued total rewards of over $20 million to three
SEC Cyber Unit Freezes 15 Million in Investor Funds Raised by PlexCoin
SEC Attempts to Halt ICO by PlexCoin The SEC today announced an enforcement action against the Initial Coin Offering (ICO) by PlexCoin. The SEC obtained
Evaluating Cryptocurrencies for Potentially Big Whistleblower Cases
Cryptocurrency, led by bitcoin, has become a hot topic in the mainstream media recently. Both the CME and Nasdaq have announced plans to introduce trading
Collected Proceeds Debate Continues in Regards to Title 26 in IRS Whistleblower Cases and Congress
The Debate in Collected Proceeds Still Continues The Justice Department has appealed a decision by the U.S. Tax Court last year to provide an IRS
The Annual CFTC Whistleblower Report for 2017
2017 CFTC Whistleblower Report The CFTC has also issued its annual report to Congress on the Dodd-Frank Act whistleblower program during Fiscal Year 2017. The
SEC Issues Annual Whistleblower Report for 2017
Annual Whistleblower Report is Here The annual SEC whistleblower report to Congress for Fiscal Year 2017 has been released. It provides information and data about
Wisconsin False Claims Act Repeal Costs State $11 Million
An Expensive False Claims Act Repeal The Wisconsin Center for Investigative Journalism has estimated that the state of Wisconsin gave up $11 million when it
SEC Enforcement Division Issues Annual Report on FY2017
Annual Report by the SEC Enforcement Division This week, the SEC Enforcement Division issued its annual report on its enforcement actions in Fiscal Year 2017
Senate Reconsiders Strong Whistleblower Protections
Whistleblower Protections Back in the Senate The bipartisan bill promoting whistleblower protections for individuals reporting antitrust violations, the Criminal Antitrust Anti-Retaliation Act (“CAARA”), is back
IRS LB&I Now Has 24 Issues for Tax Examinations
The IRS Large Business & International Division (LB&I) is launching eleven compliance campaigns to target potential tax issues at the nearly 300,000 taxpayers within its
Grassley Proposes 15 Solid Whistleblower Amendments to Senate’s Tax Cuts and Jobs Act
Whistleblower Amendments Proposed Senator Grassley has proposed 15 amendments to the Senate bill for the Tax Cuts and Jobs Act. Two of those amendments are
SEC Whistleblowers: Have Investors Been Seriously Harmed?
SEC Whistleblowers: Technical violation or substantial damages? One of the central questions that we ask in the evaluation of information from potential whistleblowers is whether
DOJ Announces Largest Hospice Fraud Settlement Ever – $75 Million
The Largest Hospice Fraud Settlement Ever The Justice Department announced the resolution of a False Claims Act lawsuit with a $75 million settlement by Chemed