Tag Archives: Corporate fraud

Wells Fargo Whistleblower Wins Reinstatement and $5.4 Million in Damages

Wells Fargo Whistleblower Wins Reinstatement and $5.4 Million in DamagesOn April 3, 2017, The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) ordered Wells Fargo to reinstate a former bank manager who blew the whistle on fraudulent behavior at the bank.  The whistleblower, who’s name was not released, reported the fraud to both supervisors and the company’s ethics hotline.… Continue Reading

Physician Receives $11.4 Million Whistleblower Reward for Reporting Up-Coding Scheme

Healthcare Service Provider to Pay $60 Million to Settle Medicare and Medicaid False Claims Act AllegationsTeamHealth Holdings, a major U.S. hospital service provider and successor in interest to IPC Healthcare Inc., (IPC), has agreed to pay $60 million to resolve allegations that IPC violated the False Claims Act by billing Medicare, Medicaid, the Defense Health Agency and the Federal Employees Health Benefits Program for higher and more expensive levels of … Continue Reading

Whistleblowers to Share Reward for Reporting Illegal Kickback Scheme

False Claims Act, Medical Fraud“Dermagraft” manufacturer, Shire Pharmaceuticals LLC (Shire) agreed to pay $350 million to settle False Claims Act allegations. The federal government alleged that Shire employed kickbacks and other unlawful methods to induce clinics and physicians to use or overuse its product. Shire entered into a $350 million settlement agreement to settle both federal and state False … Continue Reading

SEC Protects Access to Whistleblower Rewards

Sec Protects Access to Whistleblower RewardsOn January 17, 2017, the SEC issued its latest sanction, a $340,000 penalty against BlackRock Inc., (NYSE: BLK —  the world’s largest investment management firm) for interfering with the right of its employees to obtain whistleblower rewards under the SEC’s Dodd-Frank Act whistleblower reward program.  SEC Rule 21F-17 was adopted in response to the whistleblower … Continue Reading

JPMorgan Chase Pays $264 Million in Sanctions for Bribing Foreign Government Officials

JPMorgan Chase Pays $264 Million in Sanctions for Bribing Foreign Government OfficialsFinancial services giant JPMorgan Chase & Co. has agreed to pay $264 million in sanctions resulting from the firm’s referral hiring practices in the Asia-Pacific region.  This agreement settles SEC charges that JPMorgan Chase won business from clients and corruptly influenced government officials by giving jobs and internships to their relatives and friends in violation … Continue Reading
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