Whistleblower News From The Inside — September 27, 2016

By the C|C Whistleblower Lawyer Team

The world needs whistleblowers — “The United Nations should embrace whistleblowing in order to prevent more systemic failures.”  US News

 Weatherford Int’l to pay $140M SEC penalty — The SEC charged the company with inflating earnings by using deceptive income tax accounting.  SEC

Andrew Cuomo and the corruption of Albany — “Through many years and scandals, the power structure in Albany has proved to be incapable of policing itself.”  New Yorker

Wells Fargo employees sue, claiming they are “biggest victims” of fraud — “In a class action suit, the employees say the bank pressured them to open additional accounts for customers, whether they wanted them or not, driving employees to the ‘breaking point.'”  Consumer Affairs

A new debate over pricing the risks of climate change — “Some companies, including Exxon Mobil, say the economics of climate change are too hard to predict for them to give investors hard numbers about the business impact of global warming.  Federal regulators may disagree and are considering requiring Exxon to do just that….”  NYT

Merrill Lynch to pay $12.5M SEC penalty — The SEC charged the company with maintaining ineffective trading controls that failed to prevent erroneous orders from being sent to the markets and causing mini-flash crashes.  SEC