Whistleblower News From The Inside — November 6, 2015

By the C|C Whistleblower Lawyer Team

New York investigates Exxon Mobil for possible climate change lies — “The New York attorney general has begun an investigation of Exxon Mobil to determine whether the company lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business.”  NYT

SEC finds false tweets sent two stocks reeling in market manipulation — The SEC today filed securities fraud charges against a Scottish trader who caused sharp drops in the stock prices of two companies and triggered a trading halt in one of them when he allegedly tweeted multiple false statements about the two companies on Twitter accounts that he deceptively created to look like the real Twitter accounts of well-known securities research firms.  SEC

Wells Fargo agrees to pay $81.6m to settle charges relating to homeowner bankruptcy — The DOJ’s U.S. Trustee Program has entered into a national settlement agreement with Wells Fargo Bank N.A. requiring the bank to pay $81.6 million in remediation for its repeated failure to provide homeowners with legally required notices, thereby denying homeowners the opportunity to challenge the accuracy of mortgage payment increases. DOJ

How about fraud alerts for health-care charges? — OpEd piece from former chief of DOJ Health Care Fraud Unit on how the federal government “could learn from credit-card companies how to stop billions in bad [health-care] claims.”  WSJ

Two former Rabobank traders convicted for manipulating LIBOR interest rates — A federal jury convicted two former Rabobank derivative traders, including the bank’s former Global Head of Liquidity & Finance, for manipulating the London InterBank Offered Rates (LIBOR) for the U.S. Dollar (USD) and the Yen, benchmark interest rates to which trillions of dollars in interest rate contracts were tied.  DOJ