Whistleblower News from the Inside - August 9, 2013
NCAA stops selling jerseys, admitting practice was mistake – The NCAA will stop selling team and player merchandise acknowledging it was hypocritical to what the association holds out to be its core purpose. ESPN
Government sues BofA over mortgage fraud – DOJ sues Bank of America claiming it lied to investors about the risks of roughly a billion dollars worth of mortgage securities. NYT
Possible breakthrough in malaria vaccine – Results from a study just published in Journal Science show promise for an effective vaccine against this disease which still kills one million people annually and sickens 200 million more. CNN
Glass ceiling for women in white collar crime – A new study suggests that when it comes to corporate fraud, women face the same barriers to success as their law abiding counterparts do in the corporate world. NPR
Hedge funds escape liability for role in Great Recession – The SEC will forgo action against Magnetar Capital for its role in creating faulty mortgage securities, a sure sign that other hedge funds won’t be charged for their role in the mortgage crisis. WSJ