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IRS Is Catching Crypto Tax Cheats Via John Doe Summons FORBES The IRS is actively hunting for crypto tax cheats by demanding cryptocurrency exchanges release user information through “John Doe” summons. Once John Doe summons are issued, exchanges are legally required to release requested user information to the IRS. On March 30, 2021 a John Doe summons was issued to Kraken. On April 1, 2021, another John Doe summons was issued to Circle (owner of the cryptocurrency exchange Poloniex). read more »

6th Circuit finds whistleblower law shields ex-employees from retaliation REUTERS

EY drops appeal against $10.8m whistleblower payment BBC Global accounting and consultancy firm EY has dropped its appeal against a judge's decision ordering it to pay $10.8m to a whistleblower who flagged money laundering concerns. read more » In Goldman securities case, U.S. Supreme Court wrestles over investor class actions REUTERS

CFTC Charges Former Fuel Oil Trader with Manipulating Fuel Oil Benchmark CFTC

U.S. regulator opens inquiry into Wall Street's blank check IPO frenzy REUTERS The U.S. securities regulator has opened an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four people with direct knowledge of the matter. read more » 'Your identity is safe with us', UK finance watchdog tells whistleblowers REUTERS

McKinsey settles with holdout Nevada for $45 million over role in opioid crisis REUTERS McKinsey & Co will pay $45 million to settle an investigation by Nevada of the big consulting firm’s role in fueling the U.S. opioid epidemic. read more » Texas Doctor Accused of False Claims Act Violations DOJ

CFTC Orders Coinbase Inc. to Pay $6.5 Million for False, Misleading, or Inaccurate Reporting and Wash Trading CFTC

ABN Amro shares fall on concerns about size of possible money laundering fine REUTERS ABN Amro shares fell 4% in early trading in Amsterdam on Monday, following reports that the Dutch bank might face a higher-than-expected penalty in an ongoing money laundering investigation. read more »

AG Slatery Sues Health Management Organization for Fraudulent Medicaid Claims; Kickbacks TN GOV

SEC warns against investing in SPACs based solely on celebrity backing REUTERS The U.S. Securities and Exchange Commission (SEC) cautioned investors on Wednesday about buying shares of so-called special purpose acquisition companies only because they are backed by celebrities, including movie stars and athletes. read more »   KC Man Sentenced for $6 Million Ponzi Scheme DOJ

SEC Charges Unregistered Investment Adviser with Defrauding Investors in Decade-Long Scheme SEC

SEC Awards Approximately $1.5 Million to Whistleblower SEC

SEC Charges AT&T and Three Executives with Selectively Providing Information to Wall Street Analysts SEC

SEC Issues Over $5 Million to Joint Whistleblowers Located Abroad SEC

SAP Public Services, Inc. to Pay $2.2 Million to Settle False Claims Act Allegations DOJ

SEC Awards Over $500,000 to Two Whistleblowers SEC

Bots hyped up GameStop on major social media platforms, analysis finds REUTERS

SEC Issues Whistleblower Awards Totaling Over $1.7 Million SEC

GameStop CFO to step down after Reddit driven stock rally REUTERS GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock. read more » Robinhood frustration: Widow struggles to close husband's account WCPO

SEC Awards More Than $9.2 Million to Whistleblower for Successful Related Actions, Including Agreement With DOJ SEC