Catch of the Week — SEC Hands Two Whistleblowers $54 Million
Posted 09/7/18
Archive
DOJ Investigation of Pharma Companies for Alleged Iraqi Terrorism Funding – Did a Whistleblower Help?
Posted 08/17/18
What the Panama and Paradise Papers Tell Us
Posted 06/15/18
At this spring’s OffshoreAlert Conference in Miami, journalists involved in two of the biggest document leaks in history, the Panama and Paradise Papers, spoke on panels about secrecy jurisdictions and discussed the tax avoidance, corruption, and money-laundering they permit. Their fascinating presentations provided a chance to reflect on the magnitude of the information released to the public and on how far the...
Constantine Cannon partner Eric Havian moderates panel with The Big Three -- heads of the whistleblower offices at the SEC, CFTC and IRS -- at the 16th Annual Offshore Alert Conference
Posted 05/30/18
Constantine Cannon Partner Eric Havian recently joined Jane Norberg, Christopher Ehrman and Lee Martin, the heads of the whistleblower offices for the SEC, CFTC and IRS (otherwise known as The Big Three), to moderate a panel entitled ‘Enriching Domestic & Foreign Whistleblowers: The Growth & Spreading Reach Of US Programs,’ which explored, among other things, the growing number of submissions from whistleblowers...
Healthcare Company Executives Charged with Massive Investor Fraud
Posted 05/17/18
By the C|C Whistleblower Lawyer Team
The former CEO, CFO, and Director of a publicly traded healthcare services company have been charged with defrauding investors out of over $200m in connection with a merger designed to convert the company into a private entity.
All three men were charged with conspiracy to commit securities fraud and securities fraud. One of the men has already been arrested.
According to the...
SEC Launches “HowleyCoins.com” to Educate Investors on ICO Fraud
Posted 05/16/18
By the C|C Whistleblower Lawyer Team
“If you’ve ever been tempted to buy into a hot investment opportunity linked with luxury travel, the Securities and Exchange Commission has a deal for you,” the agency announced in a press release today. But the referenced “HowleyCoin” offering is a sham. The Securities and Exchange Commission (SEC) designed HowleyCoin.com as a creative means of educating investors about...
Former Autonomy executive convicted of fraud over role in $10.3bn takeover by Hewlett Packard
Posted 05/2/18
By the C|C Whistleblower Lawyer Team
Sushovan Hussain, the former CFO of the British software firm Autonomy, has been convicted of wire and securities fraud in connection with Hewlett Packard’s (HP) 2011 acquisition of the firm. Hussain stood accused of artificially inflating Autonomy’s valuation, leading HP to buy the company for $10.3 billion. Soon after the acquisition, HP discovered serious accounting...
Panasonic to Pay $280M To Settle FCPA Foreign Bribery Charges
Posted 05/1/18
California-based Panasonic Avionics Corporation (PAC), a subsidiary of Japan-based electronics giant Panasonic Corporation, agreed to pay a $137.4 million criminal penalty to settle claims it violated the Foreign Corrupt Practices Act (FCPA). In a related settlement with the SEC, Panasonic agreed to pay $143 million for a total company payout of roughly $280 million. PAC designs and distributes in-flight...
CTFC Brings Charges Over Fraud Involving Binary Options and “ATM Coin”
Posted 04/18/18
By the C|C Whistleblower Lawyer Team
Today, the Commodity Futures Trading Commission (CFTC) announced charges against two individuals and four entities for engaging in a fraudulent scheme involving binary options and a virtual currency called “ATM Coin.” The CFTC also alleges that the defendants improperly accepted customer funds without first registering with the CFTC. Earlier this week, the United States...
Whistleblower Alleges Facebook Aided Wildlife Trafficking
Posted 04/12/18
By the C|C Whistleblower Lawyer Team
According to a whistleblower, Facebook profited from the trafficking of endangered species and failed to stop criminal activity linking it to the illegal wildlife trade that allegedly took place on its platform. Facebook was displaying ads tied to unnamed “American corporations” on pages linked to traffickers known to trade in elephant ivory, rhino horn, bear claws, and tiger...