Tag Archives: Whistleblower Rewards

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

fraudOn 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

Qui Tam Whistleblower Rewards Paid October 2016

healthcare-fraudIn October the Department of Justice announced settlements of  cases that were brought under the qui tam or whistleblower provision of the False Claims Act (FCA). The “qui tam” provision allows private citizens to file lawsuits alleging false claims on behalf of the government.  If the government prevails in the action, the whistleblower is eligible … Continue Reading

Celebrating the 30th Anniversary of the 1986 Amendments to the False Claims Act

Celebrating the 30th Anniversary of the 1986 Amendments to the False Claims ActWashington, D.C. October 27, 2016.  Today marks the 30th Anniversary of the 1986 amendments to the federal False Claims Act (FCA). Since these amendments were passed, the FCA has proven to be the most effective anti-fraud law in the United States, recovering over $48 billion from those who defrauded the U.S. government.… Continue Reading

SEC Announces Record Year Standing Up for Whistleblowers

SEC: Most Ever Whistleblower Money Distributed in a Single YearWashington, D.C.  October 12, 2016. The Securities and Commodities Exchange(SEC) announced yesterday that fiscal year 2016, which ended on September 30, 2016, was a record year for SEC enforcement. The agency reached new highs in enforcement in all areas, especially for whistleblowers.… Continue Reading

SEC Enforcement Director Speaks on The Impact of the Whistleblower Program

SEC Enforcement Director Andrew CeresneyOn September 14, 2016, SEC Enforcement Director Andrew Ceresney spoke at the Sixteenth Annual Taxpayers Against Fraud Conference about the SEC’s whistleblower program. His remarks covered issues from the impact of the whistleblower program on the Agency to the role of whistleblower attorneys as they help their clients navigate the investigative and claims process.… Continue Reading

SEC Whistleblower Awards List July-August 2016

12-21-10-SEC-logoThe 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 Whistleblower Awards Top $100 Million

SEC Whistleblower Awards Top $100 MillionThe Securities and Exchange Commission (SEC) announced August 30, 2016 that it has awarded over $100 million to whistleblowers since its inception in 2011.  The SEC’s whistleblower program was established by Congress to incentivize whistleblowers with specific, timely and credible information about federal securities law violations to report to the SEC. … Continue Reading
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