Whistleblower News From The Inside -- October 12, 2016
By the C|C Whistleblower Lawyer Team
SEC announces results of enforcement efforts for 2016 – The agency filed a record-breaking 868 enforcement actions this past fiscal year. SEC
Wells Fargo knew about fraudulent accounts for over a decade – Whistleblowers at the bank began reporting as early as 2005 how employees were setting up sham accounts and forging customers signatures. The New York Times
Biodiesel executives to plead guilty in $64 million fraud scheme – Fred Witmer and Gary Jury, owners of Triton Energy LLC in Indiana, are expected to plead guilty to charges of defrauding the government’s renewable fuel support and tax programs by selling processed corn oil for uses not approved under the programs. Reuters
Texas attorney general to stand trial for fraud – Ken Paxton lost an appeal to throw out his indictment on charges that he misled investors into putting money into the tech firm Servergy, Inc. without disclosing that he was being paid by the company. Dallas News
Navy Federal Credit Union ordered to pay over $28 million – The Consumer Financial Protection Bureau is requiring the nation’s largest credit union to pay its victims $23 million and a $5.5 million penalty for misleading and intimidating its customers. The Washington Post