News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
The Securities and Exchange Commission Tuesday awarded more than $4.1 million to a former company insider who alerted the agency to “a widespread, multi-year securities law violation.”
The whistleblower, a foreign national working outside the United States, also helped during the SEC’s investigation, the agency said.… Continue Reading
The Securities and Exchange Commission Thursday announced awards of more than $8 million each to two whistleblowers who helped the SEC bring a successful enforcement action.
The SEC denied awards to five other whistleblowers for the same case.… Continue Reading
Corporate whistleblowers may be perceived to fall into one or more of several categories. The first category we should consider is for those who blow the whistle because they feel it is the right thing to do.… Continue Reading
The Securities and Exchange Commission Thursday awarded a company outsider more than $1 million for helping stop illegal practices that were hurting investors.
The whistleblower provided “new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers,” the SEC said. … Continue Reading
A new study found that financial rewards can unintentionally cause whistleblowers to delay reporting fraud or not report it at all.
The study appeared in the August edition of Auditing: A Journal of Practice & Theory.… Continue Reading
Big Pharma Sanofi-Aventis was awarded $38.7 million Thursday as its share of a $465 million False Claims Act settlement by Mylan for knowingly misclassifying EpiPen as a generic drug to avoid paying rebates owed to Medicaid.… Continue Reading
A former employee of a New Jersey mortgage company was awarded $9 million Tuesday when the company settled allegations that it violated standards for home loans backed by federal agencies.
Mary Bozzelli brought a lawsuit against PHH Mortgage Corporation and a Minnesota subsidiary under the whistleblower or qui tam provisions of the federal False Claims Act.… Continue Reading
The SEC Thursday announced a whistleblower award of more than $1.7 million to a company insider.
The whistleblower helped end a multi-year fraud that would have been hard to detect, the SEC said.… Continue Reading
The SEC Tuesday awarded nearly $2.5 million to an employee of a domestic government agency.
The whistleblower’s tip “helped launch an SEC investigation and whose continued assistance enabled the SEC to address a company’s misconduct,” the SEC said.… Continue Reading
A software technician who worked for the City of New York’s health care division was awarded $30 million for filing a whistleblower lawsuit that alleged a software vendor misrepresented what its product could do and paid kickbacks to some customers.… Continue Reading
The Securities and Exchange Commission said Tuesday a company insider earned a whistleblower award of more than $500,000.
The information “prompted an SEC investigation into well-hidden misconduct that resulted in an SEC enforcement action,” the agency said.… Continue Reading
The Securities and Exchange Commission Tuesday announced an award of nearly $4 million to a whistleblower who tipped the agency and helped with the follow-on investigation.
The SEC said the whistleblower provided “detailed and specific information about serious misconduct.”… Continue Reading