December 20, 2024
Independent Health and Subsidiaries to Pay Up to $98 Million to Settle Medicare Advantage Risk-Adjustment Fraud Lawsuit
San Francisco—Independent Health Association, Independent Health Corp., its subsidiary DxID LLC, and the former CEO of DxID Betsy Gaffney will pay up to $98 million to settle a whistleblower lawsuit...
Posted In Phillips & Cohen News
December 19, 2024
“CFTC Risks Running Out of Money to Pay Whistleblowers Their Cut”
Phillips & Cohen partner Chris Ehrman spoke to Bloomberg about the CFTC possibly running out of money to pay whistleblowers. The article reads: “I don’t think people anticipated penalties would...
Posted In Phillips & Cohen In The Media
December 13, 2024
CFTC Has Record-Setting Year in Monetary Recoveries; Whistleblowers Responsible for Approximately $162 Million
In a record-setting year, the Commodity Futures Trading Commission (CFTC) obtained monetary relief of over $17.1 billion in fiscal year 2024. This was the agency’s largest yearly total ever, and included...
Posted In Whistleblower Law Insights
December 06, 2024
Statement: DOJ’s Whistleblower Pilot Program Received over 250 Tips from Whistleblowers to Combat Fraud
Washington, DC—The Department of Justice has received over 250 whistleblower tips to its new whistleblower pilot program, according to DOJ’s Principal Associate Deputy Attorney General Marshall Miller....
Posted In Phillips & Cohen News
SEC Brings in a Record-Setting $8.2 Billion from Enforcement Actions in FY 2024; 47 Whistleblowers Contribute
The U.S. Securities and Exchange Commission (SEC) collected a historic $8.2 billion in civil penalties and disgorgement funds from successful enforcement actions in fiscal year 2024, the highest amount...
Posted In Whistleblower Law Insights
November 12, 2024
Paragon Systems to Pay $53.68 Million to Settle False Claims Act Lawsuit
Washington, DC—Paragon Systems, Inc., one of the largest providers of security services to the federal government, has agreed to pay $52 million plus $1.68 million interest to the federal government...
Posted In Phillips & Cohen News
November 07, 2024
Raytheon to Pay Over $950 million for defrauding the US government, Foreign Bribery, and Export Control Schemes
Last month, the Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) announced that defense contractor, Raytheon Company, a subsidiary of Virginia-based defense contractor...
Posted In Whistleblower Law Insights
October 28, 2024
Federal Regulators Take Action in the Voluntary Carbon Market
With the recent announcement of a coordinated action against CQC Impact Investors and its former senior executives, the Department of Justice (DOJ), Securities and Exchange Commission (SEC), and Commodity...
Posted In Whistleblower Law Insights
October 23, 2024
First-ever criminal charges filed for market manipulation and “wash trading” in cryptocurrency market
Cryptocurrency is a fast growing market that is particularly susceptible to fraud, due to the complex and largely anonymous nature of cryptocurrency. This month, the U.S. Attorney’s Office, District...
Posted In Whistleblower Law Insights
October 03, 2024
Oak Street Health Agrees to Pay $60M to Resolve Whistleblower’s Kickback Allegations Involving Medicare Advantage Patient Recruitment
Chicago-based Oak Street Health, a wholly owned subsidiary of CVS Health since 2023, has agreed to pay $60 million to settle allegations that it paid kickbacks to insurance agents in a complex Medicare...
Posted In Whistleblower Law Insights