From a penthouse on Central Park, Guo Wengui has exposed a phenomenal web of corruption in China's ruling elite — if, that is, he's telling the truth. Guo pitches himself as a former insider, a man who knows the secrets of a government that tightly controls the flow of information.
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A whistleblower has settled a lawsuit filed against a Centennial aerospace company formed by Lockheed Martin and The Boeing Company that claimed the company defrauded the U.S. government out of at least $90 million by grossly overcharging for employee work hours.
The Whistleblower Office Report to Congress for the fiscal year ending September 30, 2017 was released on January 4, 2018. Bitcoin changes prices too quickly to be a currency and processes transactions too slowly to be a payments system, but it is juuust right for teaching libertarians everything they don't know about economics.
Whistleblowers assume risks when they choose to report fraud or wrongdoing, but an even greater jeopardy comes with blowing the whistle without knowing the basics
The U.S. Securities and Exchange Commission warned Thursday that investors should "exercise caution" with cryptocurrencies like bitcoin, noting state and federal regulators may not be able to recoup any lost investments from illegal actors.
Intel CEO Brian Krzanich sold off a large portion of his stake in the company months after Google had informed the chipmaker of a significant security vulnerability in its flagship PC processors — but before the problem was publicly known.
Bitcoin is losing its luster with some of its earliest and most avid fans -- criminals -- giving rise to a new breed of virtual currency.
The $80 Billion Train Project Caught in Scandal - A scandal threatens to put the brakes on Japan's plan to build the world's fastest train.
A New York lawyer who once advised Martin Shkreli was convicted on Wednesday of helping him defraud a pharmaceutical company, a charge a different jury cleared the drug executive of when it found him guilty of securities fraud earlier this year.
The agreement resolves allegations arising from a lawsuit brought under the qui tam, or whistleblower, provisions of the False Claims Act, which permit private citizens with knowledge of fraud against the government to bring an action on behalf of the United States and to share in any recovery.
The Department of Justice obtained more than $3.7 billion in settlements and judgments from civil cases involving fraud and false claims against the government in the fiscal year ending Sept. 30, 2017.
The Securities and Exchange Commission today charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative IPOs, enabling them to reap major trading profits in the secondary markets.
Boston Scientific loses bid to toss whistleblowers' billing claims. A federal judge has rejected a Boston Scientific Corp unit's bid to dismiss part of a lawsuit alleging it submitted false claims to Medicare for replacement parts for an implantable spinal cord stimulator used to treat chronic pain.
Region 8 Mental Health Services will pay the money after a former employee, Julie Farmer, filed the False Claims Act lawsuit on behalf of the government in 2009. She'll get $1.25 million of the $6.93 million. Some of the money will also go to the Mississippi state government to repay the state's share of the state-federal Medicaid program. The bulk of the settlement money will go to the federal government.
The whistleblower account was followed up by lawsuits from several state attorneys general, who say they discovered ample evidence that misleading pricing and overbilling was a consistent occurrance.
A former manager at Regeneron Pharmaceuticals has filed a federal whistleblower lawsuit against the drug giant, claiming he was fired for raising questions about a lack of manufacturing standards.
A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.
Two recent court wins by False Claims Act defendants shows the perilous position in which late-filing whistleblowers can find themselves if they want to share in any potential fraud recovery.
Bitcoin surged past $17,000 Thursday as the frenzy surrounding the virtual currency escalated just days before it starts trading on major U.S. exchanges. Bitcoin has gained more than $5,000 in just the past two days.
The Securities and Exchange Commission (SEC) has awarded its latest whistleblower more than $4.1m for information relating to a securities law violation.
