Tag: finance fraud

  • Home
  • Tag: finance fraud
Woman in front of rose garden, representing National Whistleblower Day

Support the Movement for Permanent National Whistleblower Day

National Whistleblower Day July 30th Supported by Senator Chuck Grassley, the campaign to Make National Whistleblower Day Permanent needs support. In a letter to President Biden, Senator Grassley states “I have asked every president since President Ronald Reagan to hold a Rose Garden ceremony to honor whistleblowers. No president has done so. I hope you...
Read More
Structure of a Coronavirus - Small business fraud and COVID fraud

COVID Fraud Scams Needs to be Reported More by Whistleblowers

COVID Fraud on the Rise From March 2020 through January 13, 2023, at least 1,044 individuals pleaded guilty or were convicted of defrauding COVID-19 relief programs, according to a recent study by the Government Accountability Office (GAO). Fraudsters’ biggest targets were two loan programs administered by the Small Business Administration (SBA) — the Paycheck Protection Program (PPP)...
Read More
Close-up of United States Currency, representing The Hefty High Price of Attempted Whistleblower Retaliation, SEC, and whistleblower rewards

The High Cost of Whistleblower Retaliation Explained

It is critical that whistleblowers are able to speak up anonymously and without fear of retaliation if they want to raise concerns. Barclays fined $15 Million for CEO’s Attempt to Identify Whistleblowers The New York Department of Financial Services (DFS) issued a press release this past December  announcing a $15 million penalty against Barclays Bank PLC for violations...
Read More
5G phone towers

5G Cancer Risks: Asbestos of a New Generation?

5G implementation is proceeding straightaway despite serious concerns raised by numerous credible researchers and scientists. The next generation of cell phone technology could pose serious cancer risks to the public You have probably already heard about 5G and the plans to roll out the new technology over the next two years. 5G is the new...
Read More
Cornice of old national bank, representing Deutsche Bank and whistleblowers

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 banks, Deutsche Bank, UBS, and HSBC, were charged with spoofing in precious metals futures contracts trading on the Commodity Exchange, Inc. (COMEX). The fine against Deutsche Bank was the largest...
Read More
Cryptocurrency and a graph, representing cybersecurity

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 in bitcoin futures. And the investing community continues to be split between those who believe it is the future of currency and those who believe it is a bubble or,...
Read More
Close-up Photograph of a Calculator and a Graph Paper, representing the IRS

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 jurisdiction. When a regulator announces that it will spend resources for investigation and enforcement in a particular area, it can be a good signal that it will look carefully at...
Read More
Magnifying Glass on Top of Document, representing accounting fraud

SEC Charges Rio Tinto with Big Accounting Fraud in 2017

SEC Charges Rio Tinto with Accounting Fraud The U.S. Securities and Exchange Commission has filed a complaint in the Southern District of New York alleging violations of the Securities Act and the Exchange Act for an accounting fraud related to the valuation of a coal business in Mozambique, Africa. Rio Tinto settled the investigation of...
Read More
Cryptocurrency and a graph, representing cybersecurity

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 Tuesday, according to a Reuters article. In line with this comment, we expect that there will be an uptick in the number of rewards to whistleblowers who report cyber security...
Read More