Whistleblower News From The Inside — November 30, 2015

By the C|C Whistleblower Lawyer Team

Standard Bank Plc Pays $25 million fine — The bank was the subject of an indictment alleging failure to prevent bribery.  The settlement with the UK Serious Frauds Office included that country’s first use of a deferred prosecution agreement.  Corp Crime Reporter

FastTrain College owner convicted of theft, conspiracy — The owner of the Miami for-profit college, which received $35 million in federal student loans between 2007 and 2012, is headed to prison.   Miami Herald

CFTC proposes new rules for automated trading — The new rules are designed to limit disruptions in the futures market from high-speed electronic trading by imposing risk controls and safeguards around the use of trading algorithms. Reuters

Marwood Group Settles SEC Charges — $375,000 settlement resolves charges that the firm failed to properly inform compliance officers about instances when analysts obtained potential material nonpublic information from government employees.  SEC

Swiss Court Imposes 5-year Sentence on Whistleblower — The sentence for Herve Falciani was imposed in absentia, as Falciani, a French citizen, did not attend the Swiss trial and France does not extradite its own citizens.  Falciani was on trial for leaking bank data that led to tax evasion probes worldwide against prominent clients with accounts in Switzerland.   BBC

UC-Davis Drops Appeal of Verdict in Favor of Whistleblower, pays nearly $1.7 million — The case began when a nurse researcher at the UCD Center for Healthcare Policy and Research in Sacramento filed a whistleblower retaliation complaint against UCD in January 2008, claiming, among other things, that UCD sponsored studies on state prisoners did not meet research requirements involving human subjects.  Davis Enterprise