Whistleblower News From The Inside — March 11, 2016
By the C|C Whistleblower Lawyer Team
SEC charges Oregon-based investment group and executives with defrauding investors — The SEC charged Aequitas Management LLC and three top executives with hiding the rapidly deteriorating financial condition of its enterprise while raising more than $350 million from investors by defrauding them into believing they were making health care, education, and transportation-related investments when their money was really being used in a last-ditch effort to save the firm. SEC
India dismisses suits against drug regulators — India’s Supreme Court has refused to hear two lawsuits filed by one of the country’s best-known whistleblowers – Ranbaxy whistleblower Dinesh Thakur — who accused drugs and health regulators of failing to enforce safety standards. Reuters
Victims of Dr. Fata in court as judge decides on dispersing his $12M estate — The judge rules today how to disperse Dr. Farid Fata’s estate. Dr. Fata, the doctor who gave cancer treatment to those that didn’t need it, was sentenced to 45 years in prison. FOX2
Two former Rabobank traders sentenced to prison for manipulating LIBOR rates — Two former derivatives traders at Rabobank Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. – including the bank’s former global head of liquidity and finance in London – were sentenced to prison today for manipulating the LIBOR rates for the U.S. Dollar and Japanese Yen, benchmark interest rates to which trillions of dollars in interest rate contracts were tied. DOJ
VW accused of firing whistleblower — A former Volkswagen employee says he was fired for blowing the whistle on obstructionism as the automaker’s emissions-cheating troubles unfolded last year, alleging VW fired him because it believed he was about to report spoliation of evidence and obstruction of justice to the EPA and/or the United States Department of Justice, the Federal Bureau of Investigation, or some other public body. Courthouse News
VA wait-times still manipulated, whistleblowers say — Employees at the Department of Veterans Affairs who blew the whistle on the manipulation of scheduling data to falsely reflect shorter wait times are blasting investigations of their complaints, saying they were not thorough enough and the practice is still continuing in some VA facilities. USA Today