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Ontario Securities Commission Report on Successful First 5 Years of its Whistleblower Program Shows $43M in Total Sanctions/Voluntary Payments Thanks to Whistleblowers

Posted 03/13/23

Constantine Cannon applauds the Ontario Securities Commission Whistleblower Program on a very positive update on its performance from 2016 to 2022. Constantine Cannon attorneys have been following the development of the OSC Whistleblower Program with interest from the beginning, and we are pleased to represent participating whistleblowers. The March 9, 2023 report highlights the success of the OSC Whistleblower...

Tagged in: International Whistleblowers, Whistleblower Rewards,

Top Ten Whistleblower Awards of 2022

Posted 02/1/23

2022 was a big year for whistleblowers, who once again recouped billions of government dollars and in turn received hundreds of millions in whistleblower rewards. This year’s top rewards came from various government whistleblower programs, including the qui tam provisions of the federal False Claims Act, various state False Claims Act programs, and the Dodd-Frank SEC Whistleblower Program. Below is a...

Tagged in: FCA Federal, Importance of Whistleblowers, SEC Whistleblower Reward Program, Top 10, Whistleblower Rewards,

Constantine Cannon Attorneys Explain How the Recent Conviction of Theranos COO Sunny Balwani Underlines the Need to Expand Whistleblower Rewards Programs

Posted 07/29/22

Hands in handcuffs behind back of white man in business suit

As Gordon Schnell and Max Voldman explain in Fortune, the Balwani conviction closed a chapter that began several years ago when whistleblowers at the company reported to the press and authorities what they saw as something very wrong in Elizabeth Holmes’ biotech startup. They followed a path many whistleblowers have taken, risking their own careers and livelihoods, to stop what they saw as serious fraud and...

Tagged in: FCA Federal, Importance of Whistleblowers, SEC Whistleblower Reward Program, Whistleblower Rewards,

How Congress and the IRS Can Fulfill the Promise of the Tax Whistleblower Program

Posted 04/21/22

Constantine Cannon whistleblower partner Michael Ronickher wrote on the Taxpayers Against Fraud blog about three key changes the IRS could make to help its whistleblower program reach its full potential. The program, which provides rewards of 15-30% of the funds collected by the IRS because of a tip, is undeniably important. As Mike wrote, “Since 2007, the IRS has recovered $6.14 billion based on information from...

Tagged in: CC Lawyers, IRS Whistleblower Reward Program, Tax Fraud, Whistleblower Rewards,

Constantine Cannon Whistleblower Practice Group 2021 Roundup: Another Banner Year

Posted 04/21/22

2021 was another banner year for Constantine Cannon’s whistleblower practice group, with three historic whistleblower successes, including the first-ever award under the Motor Vehicle Safety Whistleblower Act. This string of successes follows the firm's record-shattering 2020 year where our whistleblower team secured blockbuster settlements that recovered more than $600 million for the government and roughly $115...

Tagged in: Auto Safety, CC Lawyers, Dark Pools, FCA Federal, Healthcare Fraud, Importance of Whistleblowers, SEC Whistleblower Reward Program, Whistleblower Rewards,

Top Ten Whistleblower Awards of 2021

Posted 01/6/22

2021 was another banner year for whistleblowers, who once again collectively recovered billions of dollars for the government and hundreds of millions of dollars in whistleblower rewards under the various government whistleblower programs. This includes awards under the qui tam provisions of the federal False Claims Act and various state False Claims Act programs. It includes awards under the Dodd-Frank SEC...

Tagged in: Anti-Kickback and Stark, Auto Safety, CFTC Whistleblower Reward Program, FCA Federal, FCA State, Financial and Investment Fraud, Financial Institution Fraud, Healthcare Fraud, Importance of Whistleblowers, Medical Billing Fraud, Medicare, SEC Whistleblower Reward Program, Securities Fraud, Top 10, Whistleblower Case, Whistleblower Rewards,

Is the privatization of whistleblower programs a trend?

Posted 12/3/21

Tether is a type of cryptocurrency known as a “stablecoin.” That means, in theory, that anyone buying Tether is promised Tether holds an equal amount of U.S. currency to back up your crypto purchases. There’s just one problem with that: no one has seen any proof that Tether actually holds anywhere close to sufficient currency to back up the billions in stablecoins traded. All Tether has offered is an...

Tagged in: Cryptocurrency, Financial and Investment Fraud, Whistleblower Rewards,

SEC Names New Whistleblower Chief

Posted 11/12/21

On November 5, 2021, the SEC announced that Nicole Creola Kelly would take over as Chief of the SEC’s Office of the Whistleblower. The Office of the Whistleblower oversees the agency’s hugely successful Whistleblower Program, which has awarded about $1.1 billion to 226 individuals over the last decade. Over the same period, those whistleblowers have helped the SEC obtain roughly $5 billion in financial...

Tagged in: Financial and Investment Fraud, SEC Whistleblower Reward Program, Securities Fraud, Whistleblower Rewards,

Hyundai Whistleblower Represented by Constantine Cannon Gets $24.3 Million, First-Ever Award for Reporting Defects to Auto Safety Regulators

Posted 11/9/21

In the first-ever whistleblower award made to an auto-industry insider under the Motor Vehicle Safety Whistleblower Act, the U.S. National Highway Traffic Safety Administration (NHTSA) announced today that it will pay former Hyundai safety engineer Gwang Ho Kim $24.3 million for information he provided about safety defects in millions of Hyundai and Kia vehicles. Kim supplied startling evidence to the government...

Tagged in: Auto Safety, CC Lawyers, Importance of Whistleblowers, Whistleblower Case, Whistleblower Rewards,

CFTC’s Largest-Ever Whistleblower Award Edges out SEC and IRS Awards and Acts as a Calling Card for the CFTC Whistleblower Reward Program Globally

Posted 11/8/21

As we’ve reported in two recent blog posts, the Commodity Futures Trading Commission’s recent award of $200 million to a whistleblower announced on October 21 is certainly the largest the CFTC has ever made, but also the largest award made under any federal whistleblower-reward program to a single whistleblower, including the False Claims Act. To appreciate the significance of this award, we wanted to give it...

Tagged in: CFTC Whistleblower Reward Program, Financial and Investment Fraud, Fraud in CFTC-Regulated Markets, International Whistleblowers, Whistleblower Rewards,

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Ontario Securities Commission Report on Successful First 5 Years of its Whistleblower Program Shows $43M in Total Sanctions/Voluntary Payments Thanks to Whistleblowers

Top Ten Whistleblower Awards of 2022

Constantine Cannon Attorneys Explain How the Recent Conviction of Theranos COO Sunny Balwani Underlines the Need to Expand Whistleblower Rewards Programs

How Congress and the IRS Can Fulfill the Promise of the Tax Whistleblower Program

Constantine Cannon Whistleblower Practice Group 2021 Roundup: Another Banner Year

Top Ten Whistleblower Awards of 2021

Is the privatization of whistleblower programs a trend?

SEC Names New Whistleblower Chief

Hyundai Whistleblower Represented by Constantine Cannon Gets $24.3 Million, First-Ever Award for Reporting Defects to Auto Safety Regulators

CFTC’s Largest-Ever Whistleblower Award Edges out SEC and IRS Awards and Acts as a Calling Card for the CFTC Whistleblower Reward Program Globally

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