December 06, 2024
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 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
September 24, 2024
With a $79 Million Award, the IRS Whistleblower Program Picks Up Steam
Three whistleblowers have been awarded $79 million for their help uncovering an offshore tax scheme spanning 15 years that recovered $263.7 million in unpaid taxes, penalties, and interest for the government...
Posted In Whistleblower Law Insights
September 18, 2024
SEC Fines 7 Companies for Whistleblower Violations
Last week, the U.S. Securities and Exchange Commission (SEC) announced more than $3 million in collective settlements with seven public companies. The settlements resolve allegations the companies used...
Posted In Whistleblower Law Insights
September 10, 2024
Whistleblowers and Carbon Market Fraud
Last month, the Washington Post released the findings of their six-month investigation into rainforest carbon offset projects located in the Brazilian Amazon. The Post concluded that more than half of...
Posted In Whistleblower Law Insights
August 28, 2024
SEC Awards more than $124 million to whistleblowers in August
The U.S. Securities and Exchange Commission’s (SEC) Whistleblower Office has had a busy month, awarding an impressive $124 million to whistleblowers. Last week alone, the federal agency announced two...
Posted In Whistleblower Law Insights
August 20, 2024
CFTC’s $12.7 Billion Judgment Against FTX Shows Agency Serious about Fighting Crypto Fraud
On August 8, the Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Southern District of New York entered a consent order requiring FTX Trading Ltd. and Alameda...
Posted In Whistleblower Law Insights