Tag Archives: Whistleblower Rewards

SEC Whistleblower Awards List – March 2017

Stop Fraud, whistleblower rewardsThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … 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

Whistleblower Disclosure Leads to Three Crew Members Convicted and $2 Million in Criminal Penalties for the Vessel Operator

APPS / MARPOL Whistleblower, ocean pollutionThree whistleblowers could be eligible for up to 50% of the $1,000,000 fine issued to Aegean Shipping Management SA for violations of the Act to Prevent Pollution from Ships. The disclosures by the whistleblowers resulted in the conviction of two vessel engineers, criminal penalties for the vessel operator and conviction of the ship’s captain. … Continue Reading

SEC Whistleblower Awards List – February 2017

SECURITIES AND COMMODITIES FRAUD , SEC WHISTLEBLOWER AWARDS LISTThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … Continue Reading

Grassley Reminds Supreme Court Nominee of the Importance of False Claims Act

Sen. Grassley said he wanted to bring up the False Claims Act so Judge Gorsuch would understand how important it is to him.Washington, D.C. March 24, 2017. The Senate Judiciary Committee’s confirmation hearing for President Trump’s nominee for the U.S. Supreme Court began on Monday.  Sen. Chuck Grassley, Chairman of the Committee and long-time advocate of whistleblower rights, brought the issue of the False Claims Act (FCA) to Nominee Judge Neil Gorsuch’s attention.… Continue Reading

Physician Awarded $11.4 Million for Reporting Illegal Billing Scheme

False Claims Act SettlementsTeamHealth Holdings, a U.S. hospital service agreed to resolve allegations that its violated the False Claims Act by billing Medicare, Medicaid, the Defense Health Agency and the Federal Employees Health Benefits Program for more expensive levels of medical service than were performed (a practice known as “up-coding”).  TeamHealth agreed to pay $60 million, plus interest … Continue Reading

SEC Whistleblower Awards List – January 2017

Sec Protects Access to Whistleblower RewardsThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … 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

Swiss Bank Program Sees Final Resolutions

Swiss bank whistleblower Bradley Birkenfeld.On December 29, 2016, the Justice Department announced that it had reached the final resolutions under the Swiss Bank Program. The Swiss Bank Program was put in place after a massive tax evasion scheme at Swiss bank UBS was exposed by Bradley Birkenfeld. The former international banker and wealth manager with UBS recently released Lucifer’s … Continue Reading

SEC Whistleblower Award List December 2016

Sec Protects Access to Whistleblower RewardsThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … Continue Reading

Whistleblower Paid $7.8 Million for Reporting Pharmaceutical Kickback Scheme

SECURITIES AND COMMODITIES FRAUD , SEC WHISTLEBLOWER AWARDS LISTOn December 15, 2016, the Department of Justice announced that Forest Laboratories LLC (Forest), located in New York, New York, and its subsidiary, Forest Pharmaceuticals Inc., have agreed to pay $38 million to resolve allegations that they violated the False Claims Act by paying kickbacks to induce physicians to prescribe the drugs Bystolic®, Savella®, and … Continue Reading

Whistleblowers to Receive Award for Reporting Misuse of Government Funds Intended for Clean Up at DOE’s Contaminated Hanford Site

Whistleblowers to Receive Award for Reporting Misuse of Government Funds Intended for Clean Up at DOE’s Contaminated Hanford SiteOn November 23, 2016 the Justice Department announced that Bechtel National Inc., Bechtel Corp., URS Corp. (predecessor in interest to AECOM Global II LLC) and URS Energy and Construction Inc. (now known as AECOM Energy and Construction Inc.) agreed to pay $125 million to resolve allegations under the False Claims Act that they made false … Continue Reading

SEC Whistleblower Awards List November 2016

SEC Announces Third Largest Payout to WhistleblowerThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … Continue Reading

Bill Harmful to Whistleblower Reward Laws Subject of House Oversight Hearing

Bill Harmful to Whistleblower Reward Laws Subject of House Oversight HearingWashington, D.C. December 1, 2016.   The House Committee on Oversight and Government Reform Subcommittees on Government Operations and Health Care, Benefits and Administrative Rules is holding a hearing today on proposed changes to the appropriations process that would have a major impact existing whistleblower reward laws. … Continue Reading

SEC: Incentives for Whistleblowers Best Way to Uncover Securities Law Violations

SEC Says Employees Protected For Internal WhistleblowingWashington, DC, November 16, 2016. The Securities and Exchange Commission (SEC) Whistleblower Program had its most successful year to date in 2016. The agency, which issued its annual report to Congress today, reports it issued awards totaling over $57 million in 2016—higher than all award amounts issued in previous years combined. The Office of the … Continue Reading

Webinar: Whistleblowers on Illegal Wildlife Trade

Webinar: Whistleblowers on Illegal Wildlife TradeOn Thursday, November 17, 2016, Stephen M. Kohn will present a free webinar on the key role whistleblowers can play in preventing illegal wildlife trafficking. This webinar will explore how whistleblowers around the world can report wildlife crime and receive monetary awards under two legal instruments, the Lacey and Endangered Species Acts, that support the provision … Continue Reading

Whistleblower Awarded $20 Million for Assisting in Recovery of Investor Funds

Whistleblower Awarded $20 Million for Assisting in Recovery of Investors FundsThe Securities and Exchange Commission (SEC) handed out its third largest whistleblower award yesterday. The whistleblower was awarded $20 million for coming forward promptly with valuable information that enabled the SEC to move quickly and initiate an enforcement action against wrongdoers before they could squander the money.… Continue Reading

SEC Whistleblower Awards List September-October 2016

Sec Protects Access to Whistleblower RewardsThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … Continue Reading
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