CFTC Announces Multiple “Game Changing” Whistleblower Awards Totaling More than $45 Million
Posted 08/3/18
Archive
CFTC Announces Record-Breaking $30 Million Whistleblower Award
Posted 07/12/18
Today, the Commodity Futures Trading Commission (CFTC) announced a $30 million whistleblower award-the largest ever under the CFTC’s Whistleblower Program. The award, which is nearly triple the size of the CFTC’s previous highest award, is the fifth made under the program since its inception in 2010 and the first under President Trump. In February, Bloomberg reported that a whistleblower would receive a $30...
Constantine Cannon Partner Mary Inman Moderates Panel "Is Bitcoin the Currency of Criminals or the Future of Money?"
Posted 06/29/18
Join Mary Inman, a partner in Constantine Cannon’s London office, on Monday, 2 July for a lively debate with other SME panelists and delegates of the question “Is Bitcoin the Currency of Criminals or the Future of Money?” Click here to read more and register for the MLROs.com event!
The Big Business of Detaining Families Creates a Serious Fraud Risk
Posted 06/21/18
By Poppy Alexander
The massive public outcry about family separations at the border has spotlighted an area of federal spending that often gets ignored-the massive business that is immigration detention for children and families. The Office of Refugee Resettlement, a division of HHS, spent approximately $3.4 billion on private companies to shelter and detain these kids in just the last four years. Yet little data...
The Catch of the Week -- Société Générale S.A.
Posted 06/8/18
In a joint effort by the DOJ, CFTC, and French authorities, Société Générale agreed on June 4th to pay penalties and disgorgement in excess of $1 billion arising out of two separate wrongful schemes, making them our Catch of the Week.
First, in connection with alleged violations arising from manipulation of the London InterBank Offered Rate (LIBOR), Société Générale agreed to pay $275 million in a...
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...
Question of the Week -- Can Authorities Stop the Mob from Laundering Money Through Online Gambling Sites?
Posted 05/30/18
By the C|C Whistleblower Lawyer Team
The Italian mafia has entered the 21st century. According to multiple news accounts and criminal investigations, many of the major Italian mafia families are using online gambling websites-both real and fake-to launder their ill-gotten proceeds. Favoring online sites set up in Malta hidden behind layers of shell companies, Mafiosos have been running betting websites that allow...
Ex-Manager and CEO Convicted in $9.7 Million Valeant Kickback Scheme
Posted 05/23/18
By the C|C Whistleblower Lawyer Team
Yesterday, a federal jury in Manhattan convicted Gary Tanner, a midlevel executive at Valeant Pharmaceuticals International, and Andrew Davenport, the CEO of Philidor Rx Services, of conspiring to bring about Valeant’s purchase of Philidor in exchange for a $9.7 million kickback.
The scheme allegedly netted Davenport $40 million, and he kicked back a portion of it to...
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...