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Massachusetts regulators expected to file complaint against Robinhood REUTERS Securities regulators in Massachusetts were expected to file a complaint on Wednesday against Robinhood Financial LLC, according to a document reviewed by the Wall Street Journal, the newspaper said on Wednesday.

Congress passes defense bill with big ramifications for AML, whistleblowers COMPLIANCE WEEK Tucked into the $740 billion defense spending bill Congress approved Friday are several anti-money laundering (AML) provisions that could dramatically improve law enforcement’s ability to identify and prosecute criminals laundering money through the U.S. banking system.

SEC Awards More Than $300,000 to Whistleblower with Audit Responsibilities SEC

Justice Department Announces Additional Distribution of more than $488 Million to Victims of Madoff Ponzi Scheme DOJ

U.S., states file sweeping antitrust lawsuits against Facebook, setting stage for potential breakup WASHINGTON POST

Armed Mexicans Were Smuggled In to Guard Border Wall, Whistle-Blowers Say NY TIMES In a complaint unsealed on Friday, whistle-blowers working on President Trump’s wall said that contractors were illegally bringing in Mexican guards to protect construction sites.

Defense Bill Proposes Anti-Money-Laundering Whistleblower Program WSJ A new whistleblower reward program incentivizing the reporting of potential violations of anti-money-laundering laws would be established as part of an annual defense-spending bill that is poised to clear Congress.

Former U.S. Senator and anti-fraud law co-sponsor Paul Sarbanes dies at 87 REUTERS Paul Sarbanes, a Maryland Democrat who served in the U.S. Congress for more than three decades, helped clean up the Chesapeake Bay and corporate scandals and pressured Richard Nixon to resign as president, died on Sunday at 87. After the crash of Enron and other companies in corporate scandals in 2001 and 2002, Sarbanes, as chairman of the Senate Banking Committee, advocated sweeping regulatory changes.

SEC Charges the Cheesecake Factory for Misleading COVID-19 Disclosures SEC The Securities and Exchange Commission today announced settled charges against The Cheesecake Factory Incorporated for making misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The action is the SEC's first charging a public company for misleading investors about the financial effects of the pandemic.

Workrite Companies to Pay $7.1 Million to Settle Alleged Furniture Overcharges DOJ Ergonomic office furniture maker Workrite Ergonomics LLC, a Delaware company, and its parent, Knape & Vogt Manufacturing Co. (collectively, Workrite), have agreed to pay $7.1 million to resolve allegations under the False Claims Act that they overcharged the federal government for office furniture under General Services Administration (GSA) contracts, the Department of Justice announced today.

Stock Sales by Leaders at Coronavirus Testing Company Raise Legal Concerns NPR Early on in the coronavirus pandemic, as governments scrambled to find rapid and reliable coronavirus tests, three states ended up turning to a small public company that just months earlier had no major customers and was losing millions of dollars.

SEC Awards Over $6 Million to Joint Whistleblowers SEC he Securities and Exchange Commission today announced an award of over $6 million to joint whistleblowers whose information and assistance led to the successful enforcement of SEC and related actions.  The whistleblowers’ substantial assistance, provided to the SEC and another government agency, included submitting documents, participating in interviews, and identifying key individuals involved in the misconduct.

McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses NEW YORK TIMES When Purdue Pharma agreed last month to plead guilty to criminal charges involving OxyContin, the Justice Department noted the role an unidentified consulting company had played in driving sales of the addictive painkiller even as public outrage grew over widespread overdoses.

JPMorgan Chase to pay $250 million for failings in asset, wealth business REUTERS JPMorgan Chase & Co has agreed to pay $250 million for risk management and other control failings in its asset and wealth management business, a U.S. regulator said on Tuesday, in the second chunky penalty for the bank in less than two months.

SEC Charges E-Commerce Startup and CEO With Defrauding Investors SEC The Securities and Exchange Commission today charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands.

Home Health Agency and Former Owner to Pay $5.8 Million to Settle False Claims Act Allegations DOJ Doctor’s Choice Home Care, Inc. and its former owners, Timothy Beach and Stuart Christensen, have agreed to pay $5.15 million to resolve allegations that the home health agency provided improper financial inducements to referring physicians through sham medical director agreements and bonuses to physicians’ spouses who were Doctor’s Choice employees, the Department of Justice announced today.

SEC Awards Whistleblower Over $900,000 SEC The Securities and Exchange Commission today announced an award of over $900,000 to a whistleblower who identified securities law violations occurring overseas. The whistleblower's timely and important information resulted in a significant expansion of an ongoing investigation.

Wirecard's creditors claim at least 12.5 billion euros REUTERS Creditors of the collapsed German payments company Wirecard have made claims for at least 12.5 billion euros ($14.85 billion), a German court said on Wednesday.

Medicare Advantage Provider to Pay $6.3 Million to Settle False Claims Act Allegations DOJ Kaiser Foundation Health Plan of Washington, formerly known as Group Health Cooperative (GHC), agreed to pay $6,375,000 to resolve allegations that it submitted invalid diagnoses to Medicare for Medicare Advantage beneficiaries and received inflated payments from Medicare as a result, the Justice Department announced today.

SEC Awards Over $1.1 Million to Whistleblower for Independent Analysis SEC