Closeup of Library Book Spines, representing whistleblower report and Internal SEC Whistleblowers

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 the activities of the SEC Whistleblower Office (referred to in the report as OWB) from October 1, 2016 to September 30, 2017. Over the year period, the SEC received over...

Crashing Waves, representing disaster relief fraud and whistleblower retaliation

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 recently. Based on communications reported in the media from government agencies, both areas will be the subject of government scrutiny in the next few years. With regard to disaster fraud,...

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Congress Considers Co-Conspirator Eligibility for SEC Whistleblower Rewards in 2017

Eligibility for SEC Whistleblower Rewards A memo circulated in early February regarding the Financial Choice Act produced by House Financial Services Chairman Jeb Hensarling (R-Texas) has proposed the elimination of SEC whistleblower rewards for co-conspirators. The SEC whistleblower program established by the Dodd-Frank Act currently prohibits the SEC from taking into account any monetary sanctions...

Person Wearing Blue Sterile Gloves - setting a good example, representing healthcare fraud

OIG Reports on Home Health Care Fraud

The U.S. Government is stepping up enforcement efforts against home health services fraud according to an Office of the Inspector General (OIG) alert recently published. In a separate June 2016 report from OIG, Medicare estimates that it spent approximately $18.4 billion to reimburse more than 11,000 home health agencies. Of that amount, the Medicare Fee-for-Service...

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CFTC Fines Total $3.6 Million for Natural Gas Manipulation

The U.S. Commodity Futures Trading Commission will settle an investigation into manipulation of the natural gas market with a subsidiary of French oil company Total SA and a Houston gas trader for $3.6 million, according to a press release today. The company was accused of manipulating monthly index settlement prices through natural gas prices at...

Fraud and Whistleblower News for Monday, March 31

The Supreme Court denied the cert petition in Nathan v. Takeda today. The petition questioned the Court of Appeals decision with regard to the Rule 9(b) heightened pleading requirement for fraud. False Claims Act Against Bankrupt Companies – WSJ:Judge Gives $2.3 Billion Hawker Whistleblower Suit New Life Whistleblowers can pursue their False Claims Act lawsuit against Hawker...

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Caremark False Claims Act Case Settles for $4.25 Million

$4.25 Million for Caremark False Claims Act Case Yesterday the U.S. Department of Justice (“DOJ”) announced an agreement with Caremark, LLC to settle allegations filed that it defrauded the federal government and five states. Caremark, LLC is a pharmacy benefit management company (“PBM”), operated by CVS Caremark, Corp. a company which is no stranger to...

Contractor Defrauds DOD for Fresh Produce

On November 19, 2013, the Department of Justice (“DOJ”) announced that FreshPoint, Inc., the nation’s largest distributor of fresh produce, agreed to settle claims that it defrauded the Department of Defense (“DOD”). FreshPoint, Inc., based in Houston, Texas, is a wholly-owned subsidiary of SYSCO, Corp. who was also listed as a defendant in the qui tam case....

It’s Time To Pass a State False Claims Act in PA

It’s Time To Pass a State False Claims Act in PA The Commonwealth of Pennsylvania continues to miss numerous golden opportunities to collect millions of dollars in taxpayer monies from individuals and corporations who defraud the Commonwealth. In order to rectify the situation the legislature needs to enact a State False Claims Act. The Act,...

Crop doctor with stethoscope in hospital, representing hospice fraud and medical malpractice reform

Whistleblower Doctor Receives $598,000 for Exposing Fraud

Whistleblower Doctor Paid $598,000 For Exposing False Claims Scheme On July 12, 2012, the Department of Justice reported that it had recovered $3.15 million and settled claims against certain defendants and has filed a complaint under the False Claims Act against the remaining defendants.The settling defendants are six health care providers: Advanced Physical Medicine &...

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