IRS tax penalty could total $3 billion to $5 billion, Goldman executives exerted "undue influence", "the largest kleptocracy case" in US history, joined a growing list of pharma companies, "extraordinary" discovery step in IRS WB case, conspiring to overbill USAID, $17 million to resolve allegations that it violated the Physician Self-Referral Law, pocketed $5.6 million investor funds, CFTC Obtains Default Judgment and Permanent Trading Ban
Blog
Took $100,000 from a "family friend," Health care facilities submitted false claims to Medicare, fraudulently billing millions of dollars, used $200 million of the EB-5 money in "Ponzi-like fashion"
Alleged electricity market manipulation, U.S. authorities are examining Facebook's federal income tax liability, Funds for feeding needy children were misused, Overcharged pensions and mutual funds, Penalty Spike Confirmed by DOJ, Neurosurgeons billed for procedures they didn't participate in
The U.S. Commodity Futures Trading Commission (CFTC) today announced an award of approximately $50,000 to a whistleblower who voluntarily provided key original information that led to a successful CFTC enforcement action.
South American airline LAN settle allegations, civil fraud lawsuit brought by a whistleblowing former doctor, more than 40 reports to its whistleblower hotline last year compared to just one report in the first year, $18 million to settle False Claims Act claims, whistleblower's claims not specific enough,
The CFTC has already succeeded in bringing several enforcement actions against those committing fraud in these virtual markets, and whistleblowers have an essential role to play in this growing area of commodities fraud. The Commodity Futures Trading Commission (CFTC) has made plain that it considers so-called "virtual currencies" to be commodities subject to CFTC regulation and jurisdiction. As the use of virtual currency continues to grow around the world, there is also a concurrent rise in the volume of virtual currency fraud.
Whistleblower Protections for Contractors Act, largest criminal health care fraud case ever, first-of-its-kind conviction in a "spoofing" case, falsely told investors of massive profits, an admission that JPMorgan Chase broke U.S. laws, "Your honor, I royally screwed up", transfer pricing issues in a $3.5 billion dispute, False claims award ruling
falsifying medical records of Medicare beneficiaries, Oracle is asking a judge to throw out the state's billion-dollar fraud lawsuit, unethical relationship with a U.S. Army project manager, Louisiana Supreme Court to decide on good faith
In this increasingly ripe climate of reporting fraud through whistleblowing, there are a few areas that stand out as the major hotbeds - breeding grounds for fraud against the government and the public. Here are five stand-out fields where whistleblowers are making a difference and submitting claims in record numbers.
Arrests at JFK, Alleges it submitted inflated claims in connection with a State Department contract, double invoicing scheme designed to defraud the US of millions of dollars, used shell affiliates to improperly induce the Government to fund and award task orders, disguise actual costs, misrepresent what work was actually performed, and capture unlawful profit.
lawsuit alleges company bribed dealers to falsely boost sales numbers. "ghost employees" and a scheme to overbill the county, truck cartel operated for 14 years before being busted. allegations of drug marketing fraud and physician kickbacks. Two ex-brokers hit Morgan Stanley with a $20 million lawsuit
Atlantas Group, Inc. and Edmund Hysni to Pay in Total $7.2 Million, House report on HSBC Settlement, Herballife settlement
Columbia University sought and received excessive cost repayments in connection with federal research grants, retailer's lawsuit seeking coverage for a whistleblower suit, hospice defrauded Medicare by billing services for hospice patients who were not terminally ill
"This Court now has the opportunity to send a message, loud and clear, that our financial markets operate on principles of honesty and transparency, and do not allow a select few traders to profit in the trading markets through illegal bait and switch schemes at the expense of other traders."
companies were ordered to pay more than $7.75 million for knowingly submitting false claims to Medicare, A federal court this week dismissed a False Claims Act lawsuit brought against Cardiovascular Systems after $8m settlement, billions being recovered by state and local government, law firm sued for $117m over allegedly bad advice in whistle-blower suit
complaint claims Oracle violated the whistleblower protection provisions of the Sarbanes-Oxley Act, the Dodd-Frank Act, and the California Labor Code
the first person convicted of spoofing after it was made a crime under the Dodd-Frank Act, was sentenced to three years in prison by a federal judge in Chicago, spoofing Explained
Bank guilty of 'blatant failure' to implement money-laundering controls and wilfully flouted sanctions, US prosecutors say
IRS investigation into whether FB significantly understated the value of property transferred to an Ireland subsidiary, Johnson Controls agreed Monday to pay $14 million to settle Foreign Corrupt Practices Act charges
The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing
