Whistleblower News From The Inside -- May 15, 2015
By the C|C Whistleblower Lawyer Team
How do you make millions by doing good? Become a whistleblower – More and more whistleblowers are coming forward as US agencies dole out millions in whistleblower awards for valuable corporate information, although the driving force for most whistleblowers is trying to fix the wrongdoings, not the promise of a reward. Guardian
Whistleblower says VA improperly spent billions – A whistleblower’s letter alleging the VA illegally spent up to $6 billion a year using purchase cards without proper contracts was the subject of a congressional hearing yesterday probing the improper use of federal charge cards. NBC Colorado
NOLA Jury convicts home health providers in $50 million fraud scheme – The defendants, two doctors, a nurse and an office manager, apparently carried out a home health care fraud scheme through multiple companies over the course of more than 10 years in which they falsely claimed thousands of Medicare recipients were homebound and required home health care. DOJ
Switzerland back to the drawing board on whistleblower law? — Swiss whistleblower law stalls just before passing as those who had voiced serious concerns to parliamentarians over whether it will do more harm than good were told lawmakers had returned the proposed law for more work, declaring it too complex and impractical. Le News
Silvercorp short seller cleared of fraud allegations — Jon Richard Carnes, a short seller who anonymously published research accusing companies in China of cheating investors, was cleared of fraud allegations stemming from a 2011 report on Silvercorp Metals Inc. because none of Carnes’ statements or omissions in the Silvercorp report “constitute a prohibited act for the purpose of fraud.” Bloomberg
SEC charges father and son in $1.1 million insider trading scheme — The SEC alleged the son, currently a managing director at a prominent investment bank, routinely tipped his father with confidential information about future mergers and acquisitions in coded e-mail messages disguised as discussions about golf. SEC