Whistleblower News: CFTC Grants Two Whistleblower Awards Totaling Over $15M, Navmar To Pay $4.4M To Settle False Claims Act Allegations, SEC Charges Lyft With Failure To Disclose Board Member’s Financial Interest

CFTC Grants Two Whistleblower Awards Totaling Over $15 Million


The Commodity Futures Trading Commission today announced whistleblower awards totaling over $15 million to two whistleblowers who provided significant information and assistance that led the CFTC to bring separate successful enforcement actions. Because the whistleblowers immediately provided reliable information, the CFTC opened the respective investigations shortly after each whistleblower submitted a Form TCR. read more »

Navmar to Pay $4.4 Million to Settle False Claims Act Allegations Regarding Double-billing and Cost-Shifting


Navmar Applied Sciences Corporation (Navmar), headquartered in Pennsylvania, has agreed to pay $4.4 million to resolve allegations that it violated the False Claims Act by knowingly double billing and shifting certain labor and material costs under a series of contracts with the Department of the Navy (Navy) to manufacture, design and test emerging intelligence, surveillance and reconnaissance technologies. read more »

SEC Charges Lyft with Failure to Disclose Board Member’s Financial Interest in Private Shareholder’s Pre-IPO Stock Transaction


The Securities and Exchange Commission today charged Lyft Inc. for failing to disclose a company board director’s role in a shareholder’s sale of approximately $424 million worth of private shares of Lyft’s stock prior to the company’s initial public offering (IPO). read more »