November 11, 2011
Whistleblower should be applauded for case against for-profit college company
Former Congresswoman-turned-Washington lobbyist Melissa Hart (R-PA) has a misguided opinion piece in today’s Washington Times (“Justice gets lost in the revolving door — Current and former public...
Posted In Whistleblower Law Insights
November 08, 2011
Firms commit securities fraud again and again, despite penalties and promises
As part of their settlements of securities fraud suits, many large Wall Street firms have signed agreements to never again violate antifraud laws. It may strike some as surprising that a promise not to...
October 03, 2011
Senate Finance Committee says home health agencies game system
The Senate Finance Committee has issued a report that shows three home health companies are engaging in top-down strategies to game Medicare. Internal documents from Amedisys, LHC Group and Gentiva show...
Posted In Whistleblower Law Insights
August 18, 2011
Industry groups to challenge SEC whistleblower rules?
The New York Times reports that financial trade groups are considering suits challenging the Securities & Exchange Commission’s new whistleblower program. A July ruling by a federal appeals court...
August 15, 2011
CFTC approves whistleblower rules
The Commodities Futures Trading Commission approved new rules for the whistleblower program by a vote of 4-1 on August 4. The vote was postponed from the July 19 meeting. The CFTC announced that the final...
August 12, 2011
New SEC whistleblower program opens today
The SEC whistleblower program outlined by the Dodd-Frank Wall Street Reform and Consumer Protection Act has officially gone into effect today. Whistleblowers who provide “new and timely” information...
July 14, 2011
Harvey Pitt no more prescient now than before
Harvey Pitt — who was Securities & Exchange Commission chair during a time when the SEC let Wall Street run wild, leading to the financial mess the U.S. is in, and who has spent most of career...
July 13, 2011
Why prosecutors go easy on Wall St.
The reports of wrongdoing by financial firms in the past few years have many people wondering why there haven’t been more prosecutions. According to New York Times reporters Gretchen Morgenson and...
Posted In Whistleblower Law Insights
June 21, 2011
Global patterns of fraud
A new report from KPMG, Who is the Typical Fraudster?, analyzes trends in corporate fraud around the globe. Drawing on investigations conducted in 69 countries, the majority of them unpublicized, it provides...
Posted In Whistleblower Law Insights
May 26, 2011
SEC resists attempts to weaken new whistleblower program
The final rules for the Securities and Exchange Commission’s whistleblower reward program contain provisions that will protect and encourage those who report fraud. Erika Kelton of Phillips and Cohen...