Whistleblower News From The Inside -- June 15, 2016

By the C|C Whistleblower Lawyer Team

Hackers attempt to steal over $3 billion with fraud scheme – The FBI announced that schemes involving hackers who impersonate company executives ordering large wire transfers have increased dramatically.  CNBC

SEC charges hedge fund managers and ex-government official with insider trading scheme – Gordon Johnston, who had worked at the FDA for several years, allegedly provided information to hedge fund traders about drug approvals prior to the FDA’s public announcements, yielding $32 million in fraudulent profits.  SEC

HIV/AIDS health clinic owner sentenced to over 5 years for Medicare fraud – Jorge Juvier previously pled guilty to conspiring to commit health care fraud for billing the government for medications that were never provided to patients, provided in incorrect doses, or were medically unnecessary.  USAO-SDNY

John Oliver exposes retirement plan problems – Unanticipated staggering fees, bad advice, and questionable credentials riddle the investment field.  You Tube – HBO

Andrew Caspersen pleads not guilty to $40 million Ponzi-like scheme – The former Wall Street executive claims he was fighting an uncontrollable gambling addition when he lost millions of dollars he invested from friends and family members; he is expected to plead guilty next month after settlement negotiations with the government are concluded.  New York Times

Appellate court refuses to kill False Claims Act case against K-Mart – The Seventh Circuit will allow allegations that the company engaged in an improper pharmacy discount scheme to go to trial.  Madison – St. Clair Record