Blog

The Securities and Exchange Commission today announced a whistleblower award of more than $2.1 million to a former company insider whose information led to multiple successful enforcement actions. The whistleblower's information strongly supported the findings in the underlying actions and the whistleblower provided ongoing assistance to the staff during the investigation.

Victims of Bernard L. Madoff, the architect of one of Wall Street's largest frauds, will receive another $504 million, proceeds from assets that the government seized after Mr. Madoff's financial firm collapsed a decade ago.

A tip-off from a whistleblower is believed to have sparked a raid on 21st Century Fox by the European Commission and the Competition and Markets Authority.

Tesla Inc said it is withdrawing as a formal party to the National Transportation Safety Board's probe into a fatal March 23 crash in California in which the semi-autonomous "Autopilot" driving system was in use.

Uber Whistleblower Susan Fowler On What Every Company Should Do To Stop Harassment - Susan Fowler rocked the tech world with her 2,900-word essay last February about her experience of sexism and harassment at her former employer Uber.

Fiat Chrysler Automobiles NV is in advanced settlement talks with the U.S. Justice Department and California Air Resources Board over accusations that the company illegally used software that led to excess emissions in 104,000 U.S. diesel vehicles sold since 2014, a court-appointed adviser said at a hearing on Tuesday.

Volkswagen was set on Tuesday to oust Matthias Müller as chief executive as it grapples with a long-running diesel emissions scandal that has cost it billions of dollars, led to the imprisonment of two executives, and scarred the German carmaker's reputation.

The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, according to three sources with knowledge of the plans.

It says a McKesson subsidiary violated the federal False Claims Act by selling the medication, providing kickbacks by offering the pooled drugs at a discount and repackaging them under non-sterile conditions. That left the drugs open to contamination that could have harmed patients, the lawsuit claims.

The Securities and Exchange Commission today announced a whistleblower award of more than $2.2 million to a former company insider whose tips helped the agency open an investigation that led to an enforcement action. The whistleblower first reported the information to another federal agency and later provided the same information to the SEC.

A Chinese-born executive pleaded guilty on Wednesday in New York to three criminal counts in connection with a U.S. bribery probe involving a former U.N. General Assembly president.

Attorneys with the U.S. Department of Justice informed a federal judge Monday that they need at least two more months to conduct a criminal fraud investigation into SeaWorld Entertainment Inc., court records show.

The top legal officers from 11 states and Washington D.C. on Tuesday promised to defend federal automobile efficiency standards against a rollback proposed by the Trump administration this week. read more »

Michael Liberty advertised that Mozido, the start-up he founded which once boasted a valuation of $5.6 billion, would revolutionize mobile payments and bring financial services to 2 billion unbanked adults worldwide. But securities regulators claim Liberty hyped up Mozido while raising $55 million that mostly went into his own pocket.

The FT's Aliya Ram interviews Christopher Wylie and Shahmir Sanni, the two whistleblowers at the centre of the Facebook data breach outcry, about how the scandal broke and what it means for Facebook read more »

Volkswagen AG has paid more than $7.4 billion to buy back about 350,000 U.S. diesel vehicles through mid-February, a recent court filing shows. The German automaker has been storing hundreds of thousands of vehicles around the United States for months.

Two whistleblowers won a battle with the U.S. Internal Revenue Service over their share of $74 million they helped the agency to collect, marking a change that attorneys say could encourage more people to flag wrongdoing.

Was killed last Sunday by an Uber autonomous car that hit the 49-year-old at approximately 40mph as she was crossing the road in Tempe, Arizona. Police confirmed there was an operator in the Volvo SUV at the time of the collision, and stated that it didn't appear the car had slowed down.

China accused the deal maker who bought the Waldorf Astoria hotel in New York of bilking investors of more than $10 billion, prompting him to issue a rare denial of guilt on Wednesday in a country where the courts almost always convict.

First VW, then Mercedes-maker Daimler, now BMW. US law firm Hagens Berman on Tuesday launched a class-action suit against its third German carmaker, accusing BMW of manipulating emissions in diesel models. The move follows a raid of three BMW locations by German prosecutors last week.