Whistleblower Law Insights

What Happened? On September 7, 2023, the CFTC brought settled enforcement actions against three decentralized entities, Opyn, Inc., ZeroEx, Inc., and Deridex, Inc. The CFTC charged two of those entities,...

White House Unveils National Cybersecurity Strategy Implementation Plan The White House announced its National Cybersecurity Strategy Implementation Plan that will guide the federal government’s efforts...

In June 2023, the CFTC’s Whistleblower Office notified the public that it is actively seeking whistleblower tips identifying manipulation or fraud in the carbon markets. What is carbon market fraud?...

Last week the Supreme Court issued its highly anticipated ruling in United States ex rel. Schutte v. SuperValu Inc., and it was even better than some of us had predicted after the very positive oral argument....

On May 5, 2023, the SEC—the agency that regulates the securities market—revealed that it granted a whistleblower an award of approximately $279 million, the largest award yet made by the agency to...

In a case that serves as an important warning for nonpublic startup companies that may think their status insulates them from regulatory oversight, the government brought charges against the CEO of Frank,...

The U.S. Department of the Treasury and the Federal Reserve Board announced Wells Fargo will pay $97.8 million for helping facilitate more than 100 financial transactions, violating U.S. sanctions against...

This month Senators Chuck Grassley (R- Iowa) and Elizabeth Warren (D-MA) reintroduced legislation designed to strengthen the Securities and Exchange Commission (SEC) Whistleblower Program.  The bipartisan legislation...

Just weeks before the collapse of Silicon Valley Bank (SVB) and Signature Bank, accounting firm KPMG signed off on both of the banks’ audits. These failures come as audit firms are increasingly in the...

With the potential to recover millions of dollars lost to fraud, Connecticut and Maryland are both looking to expand their states’ False Claims Acts this legislative session. Connecticut Connecticut’s...